The Pi Network has taken a major step forward in global crypto adoption following the statement that Banxa, a leading crypto payment platform, has officially received KYB (Know Your Business) approval. This regulatory green light now allows Banxa to facilitate Pi transactions legally in more than 100 countries—unlocking a wave of new market access and user engagement for the growing Pi ecosystem.

Just days ago, Banxa temporarily suspended Pi-related activity, reportedly awaiting compliance clearance. During this pause, many in the crypto community speculated that Banxa had already amassed millions of Pi at earlier, lower valuations, signaling that its exit was always intended to be temporary. Now, with KYB status secured, Banxa is back in action—this time with the regulatory backing needed to accelerate mass adoption.

Pi Now Instantly Purchasable with Cash Worldwide

Thanks to Banxa’s approval, users in over 100 countries can now purchase Pi directly with fiat currency through a seamless, compliant process. This is particularly significant for the Pi Network, whose primary appeal lies in its accessibility to everyday users who may not be deeply entrenched in the crypto space.

The ability to purchase Pi with local currencies and payment methods brings the project closer to real-world utility. It’s a move that not only increases trust in the Pi ecosystem but could also drive stronger adoption among non-technical users in regions where access to traditional cryptocurrencies has been limited or highly regulated.

More Exchanges Expected to Join the Movement

Banxa’s KYB milestone could be just the beginning. Several other major exchanges—including BitMart and HTX—are reportedly in the final stages of receiving their own KYB approvals, expected within the next 10 days. If these approvals go through, it could further legitimize Pi trading and bring the asset to millions more users worldwide.

Regulatory compliance is key here. Under current legal frameworks, only KYB-approved entities are permitted to conduct commercial activity involving Pi. At the individual level, users must be KYC (Know Your Customer) verified and use non-custodial wallets for peer-to-peer (P2P) transactions.

The dual-layered approach of KYC for individuals and KYB for businesses ensures that Pi can scale globally without running afoul of financial regulations—an important step for any crypto project aiming for long-term legitimacy.

Market Sentiment Improves as Price Climbs Toward $1

Amid this wave of positive news, Pi’s price has shown signs of renewed strength. Over the past 24 hours, $PI has risen by 2.5%, currently hovering around $0.60. The gain follows weeks of downward pressure caused by steady token unlocks, which temporarily increased circulating supply and added selling pressure.

However, the unlock schedule is expected to slow down significantly after mid-May, which could reduce sell-side pressure and allow for more organic price growth. Analysts are closely watching the $0.70 resistance level. A successful breakout above this could pave the way for Pi to test the psychologically important $1 mark—a milestone that would reflect growing investor confidence and broader belief in the network’s long-term potential.

While reaching $1 would require sustained momentum, the groundwork is being laid. Improved liquidity, stronger infrastructure, and expanding global access are all aligning to create ideal conditions for a possible breakout in the coming weeks.

Looking Ahead: Pi Network’s Path to Maturity

The Pi Network has come a long way from its origins as a mobile mining experiment. With key partnerships, regulatory clarity, and increasing institutional involvement, Pi is steadily transitioning from a speculative asset to one with potential real-world use cases.

Banxa’s return to the Pi ecosystem—this time backed by full KYB compliance—marks a turning point. It signals that the network is ready to move beyond speculation and into a phase of practical adoption and market validation.

With more platforms on the verge of approval and Pi’s price gaining traction, all eyes are now on the $1 threshold. Whether or not it hits that target in the short term, the signs are clear: Pi is positioning itself for a much larger role in the global crypto economy.