The post Pi Network Pushes OKX and Other CEXs to Adopt Strict KYB Rules appeared first on Coinpedia Fintech News
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 Stage
Notably, 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?
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FAQs
Unlike most crypto projects, Pi verifies both users (KYC) and businesses (KYB) for higher trust and regulatory alignment.
Yes, Pi’s KYB rules align with the UN-backed Digital Currency Global Initiative and Stanford’s Future of Digital Currency Initiative.
