TLDR
- Pi Network has officially filed under the EU’s Markets in Crypto-Assets Regulation.
- The MiCA filing allows Pi Coin to operate across European Union markets legally.
- The first Pi-linked exchange-traded product launched on Sweden’s Spotlight Stock Market in August.
- The ETP gives investors regulated access to Pi Coin without needing to hold the token directly.
- Pi Network partnered with Austrian and UK legal firms to ensure regulatory compliance.
- The project achieved full GDPR certification through SocialChain to meet EU data privacy laws.
Pi Network has filed under the European Union’s Markets in Crypto-Assets Regulation (MiCA), granting Pi Coin potential market access. The project aims to meet all compliance requirements as outlined in MiCA to operate legally across EU countries. This legal alignment may allow Pi Coin to enter regulated European investment channels and reach more users.
Pi Coin Gains Legal Standing Under EU’s MiCA Framework
The Pi Network has officially completed its MiCA filing process, confirming its push to meet EU crypto regulations. The filing allows Pi Coin to operate legally in European markets, previously restricted due to compliance limitations. The development reflects the project’s efforts to meet financial and privacy standards.
The filing follows legal cooperation with Maetzler Rechtsanwalts from Austria and Prighter Ltd based in the United Kingdom. These collaborations ensured legal processes and user privacy met all European regulatory expectations. Pi Network also announced that SocialChain has completed its full GDPR compliance certification.
By aligning with MiCA, the project aims to enhance transparency and accountability in its operations across the continent. The Pi Coin project stated, “We are committed to maintaining regulatory integrity as we expand across jurisdictions.” This update confirms the project’s intention to grow while following strict compliance rules.
In August, Valour launched the Pi-linked exchange-traded product (ETP) on Sweden’s Spotlight Stock Market. The ETP gives brokerage users access to Pi Coin without having to hold the asset. It is priced in Swedish kronor and comes with a 1.9% management fee.
The product allows investors to participate in Pi Coin performance through a secure investment vehicle. It represents the first regulated Pi Coin investment offering in the region. The ETP aligns with the MiCA framework, reinforcing its compliance and security measures.
Dr. Altcoin commented, “This is a key moment for Pi Coin to demonstrate real-world financial integration.” The Pi ETP may help build institutional trust by offering a regulated path to crypto exposure. Its listing on a public stock exchange improves accessibility for EU investors.
Energy Efficiency and Technical Development Support Growth
Pi Network emphasised its energy efficiency as aligned with MiCA’s environmental targets. Annual usage is around 0.0024 TWh compared to Bitcoin’s 185 TWh. This reflects a 99.9% reduction in energy requirements.
The project claims its eco-friendly model supports the sustainable expansion of the blockchain. It stated that this efficiency aligns with the United Nations’ carbon-reduction objectives. Low energy use may help the Pi Coin network meet future sustainability benchmarks.
The Protocol 23 upgrade is now in testing and will bring added technical stability. Analysts suggest these improvements support further development of Pi Coin use cases. Testing continues in phases to ensure secure integration.
Dr. Altcoin said, “Each development stage is carefully validated to ensure stability and performance.” The network also rolled out Pi Node version 0.5.4. This update refines reward tracking for node operators.
AI Partnership and ISO 20022 Membership Enhance Ecosystem
The Pi Network recently joined the ISO 20022 standards group. This includes other compliant crypto assets, such as XRP and Stellar (XLM). It enhances Pi Coin’s compatibility with financial messaging systems.
The move could open new financial use cases under compliant frameworks. This membership supports future integration with global payment networks. It reflects the project’s strategy to grow under standardised rules.
Pi Network also partnered with OpenMind to support AI workloads. The partnership introduces machine learning features to the Pi Coin ecosystem. Nodes can now earn rewards by processing AI computations.
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