Pi Network has achieved a significant regulatory milestone with the official registration of its related entity, PIBIT LTD, under Europe's regulatory framework. The registration is visible under both the European Securities and Markets Authority (ESMA) and Malta's Financial Services Authority (MFSA) systems. This move is seen as aligning the project with the EU's Markets in Crypto-Assets (MiCA) compliance standards, marking a shift from a community-driven promise to a project with formal regulatory presence.
Concurrently, a major technical development has ignited community excitement. The Pi Network KYC Validation Dashboard now displays the message "PI earned coming soon" for validators. This update strongly hints that on-chain reward distribution for the validators, who play a key role in verifying user identities and securing the network, is approaching. The dashboard shows several validators with success rates above 90%, strengthening the case for automated payouts. This development is widely interpreted as a signal of impending Mainnet readiness, as reward systems typically go live when token mechanics stabilize.
In parallel, real-world utility for the Pi token is expanding. A new travel booking application named BNPi has launched, allowing users to pay for hotel stays across multiple countries using Pi. The app claims to offer lower fees for hosts and cheaper rates for travelers, providing one of the first visible consumer use cases for the token and moving it from a mined concept to a spendable asset.
The project also provided crucial clarity on its development roadmap through a community post from Pi Network Alerts. It detailed the distinction between the current Pi Open Network, launched in early 2025, and the future Pi Open Mainnet. The Open Network allows for controlled external integrations and utility-based transactions but restricts free market trading. It serves as a regulated bridge and training ground. The final stage, the Open Mainnet, is anticipated for launch and will enable full decentralization, permissionless smart contracts, and global liquidity, transitioning Pi into a mature, global digital currency.
BTC
ETH
SOL
XRP
BNB
SEI
USDT