Cryptocurrency Q&A Why is Pi asking for KYC?

Why is Pi asking for KYC?

Carolina Carolina Mon Dec 02 2024 | 7 answers 1142
I am trying to understand the reason why Pi is requesting KYC information. Is it for security purposes, to comply with regulations, or something else? I would like to know the background behind this requirement. Why is Pi asking for KYC?

7 answers

Rosalia Rosalia Wed Dec 04 2024
One crucial aspect of the Pi Network is the kYC (Know Your Customer) verification process.

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Leonardo Leonardo Wed Dec 04 2024
Users are required to complete this verification step before they can transfer their mined Pi Coins to the mainnet.

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Michele Michele Wed Dec 04 2024
Pi represents a novel digital currency conceived by a team of Stanford PhDs.

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SakuraSpirit SakuraSpirit Wed Dec 04 2024
The mainnet serves as the primary network where Pi Coins can be utilized for various transactions.

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WhisperWindLight WhisperWindLight Wed Dec 04 2024
This digital asset has garnered significant attention, boasting a membership base exceeding 47 million individuals globally.

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