Date: Wed, Nov 19, 2025 | 03:04 PM GMT
In today’s crypto market, the popular mining-related project Pi Network has returned to the spotlight following its latest regulatory development. The update has sparked renewed interest, pushing its native token PI up by more than 6% to $0.2398 — a sign that traders are gradually paying attention again.

Pi Network Takes Major Step with MiCA Filing
On November 19, 2025, Pi Network’s affiliate PiBit Ltd officially submitted its MiCA Whitepaper to the European Securities and Markets Authority (ESMA). The document is now visible on Pi Network’s official portal, marking a significant regulatory milestone for the project.
While this is not a listing confirmation or final approval, it represents a formal application seeking regulatory clearance to allow $PI to trade legally on licensed EU and EEA platforms.
Under MiCA regulations, any crypto-asset must file a detailed whitepaper and secure ESMA certification (or approval from a national authority) before being admitted for trading on regulated European exchanges. Today’s filing completes that crucial initial step.

The whitepaper confirms several key aspects of the Pi ecosystem:
1.Pi operates on its own layer-one blockchain.
2.The network prioritizes peer-to-peer payments, enabling users to buy and sell goods and services within the Pi economy.
3.There is no public token sale — all PI tokens are minted through the Pi Network mobile app and issued to verified members known as “Pioneers.”
4.The project emphasizes security through a strong identity-verification system, including KYC and KYB processes to ensure authenticity of users and businesses.
5.The submission also highlights Pi’s eco-efficient infrastructure, with validators consuming 99.9% less energy than Bitcoin, placing it among the most environmentally friendly blockchains to date.
ESMA’s approval is still pending, and the review process may take several weeks or even months depending on regulatory workload and additional clarifications requested from the project.
What Happens After Certification?
Once ESMA grants final approval, $PI will move from “restricted” status to being legally tradable in the EU/EEA. This means that regulated, MiCA-compliant exchanges — including platforms such as OKX Europe — will be able to list and support the trading of PI.
Such a transition is expected to:
1.Increase liquidity
2.Expand market accessibility
3.Boost European demand
4.Potentially influence Pi’s overall market capitalization
Until the certification is officially granted, PI remains restricted from trading on regulated European exchanges. But once approved, the floodgates for legal secondary-market trading will finally open, marking one of the most significant turning points in Pi Network’s long-awaited journey toward public market integration.
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