Pi Network has approved BANXA under its Know Your Business (KYB) framework, expanding its global accessibility. This decision allows users in over 100 countries to buy Pi directly with cash through BANXA, removing the typical barriers associated with crypto onramps.

Crypto analyst Dr. Altcoin announced the update on May 2, calling it a “game-changer” for Pi’s mission of driving global adoption.

Compliance Measures Strengthen Trust and Security

Pi Network now requires users engaging in peer-to-peer transactions to pass Know Your Customer (KYC) verification and use non-custodial wallets. This layered compliance structure strengthens user safety, reduces fraud risk, and aligns Pi with evolving global regulations.

Dr. Altcoin also noted that exchanges such as BitMart and HTX ($0.00) are next in line for KYB approvals. These moves are expected to dominate conversations at Consensus 2025, positioning Pi as a regulatory-first project in a highly competitive space.

Despite Progress, Pi Price Stalls Near Key Support

Despite the milestone, Pi’s market performance hasn’t reacted positively. The PI ($0.21)/USDT ($1.00) pair currently hovers just above the critical $0.58 support zone. Momentum remains weak, with the token trading below its 10, 20, and 50-day moving averages—clear signs that sellers still control the trend.

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The Relative Strength Index (RSI) sits around 40, signalling low bullish pressure without confirming oversold conditions. Meanwhile, the MACD remains soft with no visible bullish crossover, and the Average Directional Index (ADX) sits below 10, reflecting an extremely weak trend.

What Traders Should Watch

Until Pi reclaims the $0.60–$0.62 range with convincing volume, traders may continue to approach cautiously. Still, a short-term bounce could occur if the $0.58 level holds and optimism grows around Pi’s compliance-driven strategy.

However, an actual trend reversal will require hope, a decisive break above resistance, and renewed market confidence.

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