Pi Network is encountering a significant challenge with almost half of its nodes being centralized in Vietnam. This concentration, coupled with the country's strict crypto regulations, raises concerns about the project's decentralization and long-term stability. Additionally, the core team's control over a majority of the Pi Coin supply adds to these worries. Vietnam hosts 154 out of 319 nodes globally, representing 48.2% of the total. The dominance of Vietnam is further evident with 33 out of 76 connected nodes located there. The high concentration of watcher nodes in Vietnam also raises fairness and decentralization concerns. Vietnam's legal framework poses additional complexities, with virtual currencies like Pi Coin not recognized as legal payment instruments. The government has issued warnings and proposed stricter regulations, potentially impacting the network's operations. Addressing these structural vulnerabilities will be crucial for Pi Network to uphold its decentralized image and ensure stability in the long run. Read more AI-generated news on: https://app.chaingpt.org/news