Big news in crypto payments: BANXA, a leading global fiat-to-crypto platform, has officially received KYB (Know Your Business) approval. This marks a major step forward for Pi Network as it pushes toward regulated, mainstream adoption. With this green light, Pi can now be legally purchased in over 100 countries, making global access much easier.
BANXA’s KYB approval unlocks direct fiat purchases of Pi within the Pi Wallet — even before the mainnet goes live. This gives users a smoother, safer way to buy Pi without relying on unofficial peer-to-peer transactions.
The approval also boosts BANXA’s credibility and compliance status, helping it onboard businesses more efficiently, reduce fraud risks, and meet regulatory expectations. This builds trust among institutional partners and positions Pi for wider adoption.
Pi Now Legally Accessible in Over 100 Countries
With KYB in place, users across more than 100 countries can securely buy Pi with fiat. That’s a major improvement from the earlier reliance on informal P2P deals. This not only makes acquiring Pi easier and safer but also expands its reach to a much broader global audience.
Crypto analyst Dr Altcoin believes that platforms like BitMart and HTX could be next to receive KYB approval. If that happens, it could pave the way for Pi to get listed on these major exchanges. This would increase Pi’s liquidity, strengthen its market presence, and enhance its overall credibility in the crypto ecosystem.
In February 2025, Pi saw a massive price surge of 2,854.62%, jumping from $0.0987 to $2.8107. But the rally was short-lived — by the end of the month, prices dropped sharply by 79.14%.
The past 30 days have continued to show turbulence, with the market down 44.9%, including a 1.9% drop in the last week. However, both March and April have shown a more stable trend compared to the extreme swings earlier in the year.
For a project long stuck between potential and proof, this shift could mark the moment Pi starts playing in the big leagues.
As of April 2025, Pi Network’s PI token is listed on 16 cryptocurrency exchanges, including OKX, Gate.io, and Bitget.
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