A few days ago, Banxa has temporarily suspended PI transactions, probably because KYB approval (Learn about your work). During this time, it was widely known that banxa had already acquired millions of PI at low prices, indicating that they planned to return once the organization’s approval.
Banka Now Kyb Agree – PI is available in 100+ countries
Now, according to the update shared by Dr. Altcoin, Banxa has been officially approved. This is a great development of the PI network and its global community. With this approval, people in more than 100 countries can immediately purchase PI using cash through banxa. This step enhances access and can pay more accreditation for the PI network.
It is expected to follow more platforms. Bitmart, HTX and other approval of KYB will receive within the next ten days, indicating the increasing institutional support of the project. It is important to note that only KYB approved companies are allowed to use and circulate PI. On the other hand, individuals involved in counter -to -counter transactions (P2P) must be accredited by KYC and the use of non -trustee portfolios.
$ 1 goal on the horizon?
Meanwhile, the PI price saw a decent increase. Within the past 24 hours, $ PI has increased by 2.5 % and is now exchanging about $ 0.60. This comes weeks after the price pressure caused by opening the distinctive continuous symbol. However, with the frequency of new openings that are expected to slow down after mid -May, the sale pressure may be easy, which provides room for potential growth. The following main resistance is located at $ 0.70. The outbreak above can open the path towards one dollar, a level that will indicate the confidence of the market stronger in the future of the project.
