#pi #PiKYC #pisell

BANXA, a popular crypto on-ramp platform, has received KYB (Know Your Business) approval, marking a major step forward for the Pi Network. This approval means that BANXA is now legally allowed to offer Pi cryptocurrency purchases to people in over 100 countries.

Only KYB-approved businesses can legally trade and handle Pi. On the other hand, people who want to trade Pi through P2P methods must be KYC-approved and use non-custodial wallets. This ensures that all transactions are safe and that users are protected from fraud.

The Pi Network has been focused on building trust from the very beginning. By enforcing KYC for users and KYB for businesses, the team behind Pi is setting up a secure and regulated ecosystem. It’s a bold step in a crypto industry that still struggles with scams and regulatory issues. According to Pi supporters, this approach makes Pi more attractive to institutions and serious investors.