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Cryptocurrency News Articles

Pi Network avoids quick listings, focusing instead on rules, trust, and long-term global alignment.

May 05, 2025 at 02:21 pm

Pi Network avoids quick listings, focusing instead on rules, trust, and long-term global alignment.

Pi Network, the cryptocurrency project aiming for broad adoption, is slowly but surely moving towards its goal of being listed on major centralized exchanges (CEXs). Unlike most projects that quickly seek listings, Pi is taking a measured approach, focusing on rules, trust, and long-term global alignment.

This focus has led to Pi being recognized by the International Telecommunication Union (ITU)—a UN agency—and Stanford University’s Future of Digital Currency Initiative (FDCI) for fully matching all five pillars of their initiative. The ITU and Stanford are spearheading a Digital Currency Global Initiative to integrate the best aspects of blockchain technology with the global financial system.

This initiative focuses on five key pillars for the future of digital money:

1. Financial inclusion for all

2. Smooth interoperability

3. Strong identity verification (KYC/KYB)

4. Programmable currency

5. DeFi support

Very few crypto projects can claim to meet all these standards, especially on such a large scale. However, Pi Network does.

While projects like Bitcoin and Ethereum are recognized for their technological contributions, and projects like Stellar and Cardano highlight specific use cases or developmental stages, few manage to align with all five critical pillars like Pi does.

This stands as a testament to Pi's unique approach and its potential to contribute to the broader vision for a global digital currency.

Now, here’s where it gets interesting.

As we all know, most CEXs require projects to complete KYC (Know Your Identity) and KYB (Know Your Business) before listing. However, Pi Network is one of the few projects that also demands CEXs to pass its KYB checks.

This is why OKX, the first exchange to successfully clear Pi's strict KYB checks, stands out. It signals that Pi isn't chasing quick listings but setting a higher bar for integrity.

In other news, Pi Network has announced that fully verified users can now join its blockchain even if they haven't finished the Mainnet migration.

This means that users who have completed full KYC or are temporarily verified can also unlock wallet functions and explore Pi's ecosystem. According to the Pi Core Team, this move opens the door for millions of pioneers to engage with the blockchain sooner.

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Other articles published on Jun 10, 2025