Pi Coin Set for Major Adoption as Pi Network Officially Registers Under EU MiCA

Pi Network has officially been onboarded into the European Union’s Markets in Crypto-Assets Regulation, or MiCA. It could be a step toward allowing the Pi coin to enter larger markets.

Pi Network Gets MiCA Registration

The project confirmed that it has officially filed under the EU’s MiCA framework. This opens Pi coin up to achieving full legal status in European markets. Up until now, Pi remained inaccessible across the continent due to the strict compliance requirements in place.

This follows the launch of the Valour Pi ETP on Sweden’s Spotlight Stock Market back in August. This is the first regulated Pi-linked investment vehicle in the region.

The product gives European brokerage customers regulated exposure to the Pi token. Trading in Swedish kronor, the ETP has a 1.9% management fee attached. This also offers a path for investors to participate in any upside that could come from Pi without holding the token directly.

Dr. Altcoin shared his excitement about the development. He also highlighted the energy efficiency laid out in the MiCA whitepaper. Annual energy usage of Pi is about 0.0024 TWh, compared to Bitcoin’s 185 TWh.

That represents a 99.9% reduction in energy consumption. This could make the Pi Network among the most environmentally sustainable blockchains. The low-resource model of the network is in close alignment with decarbonization targets put forward by the United Nations.

Before the MiCA filing, the project had already collaborated with Maetzler Rechtsanwalts from Austria and Prighter Ltd from the UK. In parallel, SocialChain finished its full GDPR certification. They ensured the processing of users’ data is in tune with high privacy requirements within the EU.

Pi Coin Builds on Expansion Efforts

The project’s team has been striving to expand its ecosystem. Recently, Pi Network joined the ISO 20022 standards group. This placed it among such compliant digital assets as XRP and Stellar (XLM).

Also, Pi Network’s Protocol 23 upgrade is now undergoing multi-stage testing. Analysts say that the increasing technical stability has been a key factor supporting the growth of the Pi coin.

Mainnet integration could be accomplished by December or early Q1 2026, said Dr. Altcoin. He further added that the development team has been strategic in the validation of each step of the process.

Moreover, the recent release of Pi Node version 0.5.4 further improves the performance of the network. The update brings in refined reward calculations. This enables Node operators to have more accurate assessments of their activity.

The project announced its partnership with OpenMind late last month. This brought AI-focused applications to the Pi ecosystem. Under this structure, nodes can make extra income by supporting computation workloads for machine learning models.

Source: https://coingape.com/pi-coin-set-for-major-adoption-as-pi-network-officially-registers-under-eu-mica/