Pi Network Pushes OKX and Other CEXs to Adopt Strict KYB Rules

By: cryptosheadlines|2025/05/03 12:15:01
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com While most crypto projects chase hype, but Pi Network is doing something very different; it’s building trust by following strong rules. While others only check users (KYC), Pi is also checking the businesses (KYB) that want to work with it.Big exchanges like OKX, Bitget, and MEXC have already agreed to follow these rules. So why are these big names okay with more work and more rules? There’s something special going on with Pi, and it might change how people see crypto.Why Are Exchanges Willing to Go Through KYB for Pi?Normally, exchanges prefer smoother onboarding. KYB is a lengthy, detail-heavy process. But in Pi’s case, analysts believe exchanges see something bigger on the horizon.According to insights from Dr. Altcoin, Pi Network’s KYB requirement aligns directly with a global project called the Digital Currency Global Initiative, a joint effort by the International Telecommunication Union (ITU), which is a United Nations agency, and Stanford University’s Future of Digital Currency Initiative (FDCI).This global initiative focuses on five big goals:Financial Inclusion – Making digital money systems open and fair to everyone.Interoperability – Making sure systems and networks can talk to each other easily.Identity Verification – Pushing for strong KYC and KYB rules for trust.Programmable Money – Allowing smart contracts and automation.Decentralized Finance – Building powerful, open markets.Interestingly, Pi Network checks all five boxes, and it may be the only crypto project that does. Not only does it ask users to complete KYC, but it also insists that exchanges and businesses meet KYB standards.Pi Network Eyes Bigger StageNotably, OKX, the first exchange to complete KYB with Pi, is also a listed partner in the global project.And with Pi’s roots tracing back to Stanford, it’s no surprise the project is working closely with institutions that emphasize trust, transparency, and regulation—traits often missing in crypto. With Consensus 2025 just around the corner, many are wondering, will Dr. Nicolas Kokkalis, the mind behind Pi. Will Dr. Nicolas Kokkalis reveal new investors or partners? Source link

You may also like

Should You Buy Bitcoin Now? What the Data Says After a 50% Pullback

Should you buy Bitcoin now? Explore Bitcoin's nearly 50% pullback, ETF outflows, on-chain data, Strategy's BTC sale, and historical trends to assess whether July 2026 is a buying opportunity.

Founder of Baixing.com: I believe half of the statement that large language models devour everything

The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?

A "legal" robbery? Attackers emptied the BonkDAO treasury by buying tickets

Handing over the keys to the vault to a public vote where "anyone can spend money to participate," without sufficient oversight mechanisms, even the most legitimate governance ideals may turn into the most convenient tools for attackers.

How has Binance's stock business performed in the 30 days since its launch?

Emerging market buying supported the first wave of demand.

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com