Compliance pays: Pi coin is set to debut on top European exchanges soon, based on this new whitepaper.
The 60-million strong Pi Network (PI) community embraced a double-digit percentage upswing while the rest of the markets crashed. This took place right after Pi’s Core team unveiled to the public that Pi Coin (PI) is striving for a MiCa license, potentially opening doors to multiple top European Union (EU) crypto exchanges.
MiCa Whitepaper News Boosts Pi’s Volume
This could significantly contribute towards solving one of the most-recurring issues for Pi Coin, which is the lack of major exchange listings (CEXs). Markets in Crypto-Assets Regulation (MiCA) is a new regulatory framework focused on consumer protection & regulatory-compliant asset trading, including stablecoins & popular alts.
Following the news, Pi Coin’s price jumped 5%, but the trading volume went parabolic mode. Picking up a 120% increase from the day before, the mobile mining altcoin’s Spot market volumes briefly topped $185 million despite barely breaching $100 million on most days this November.
ISO 20022 Looms, Pi Coin Reaps Benefits?
Pi Network’s MiCa whitepaper factors in key benefits of Pi Network, including the chain’s energy efficiency, revealing an annual energy consumption of 0.0024 TWh, roughly 99% less than the leading digital asset Bitcoin (BTC). Being one of the most eco-friendly major chains, Pi Network is garnering momentum due to ISO 20022 compatibility, along with parent chain Stellar (XLM).
Today, Pi’s mainnet implemented Quantum Financial System (QFS) after a couple of successful testing transactions. Ultimately, this puts Pi Coin (PI) at the forefront of innovation, as ISO 20022 goes live this week, upping the global standard for financial messaging across the globe. Ultimately, Pi’s QFS smart contract confirms the chain is running under ISO’s guidelines.
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