Pi Network Battles Regulatory and Technical Obstacles Amid Stalled Recovery
Following a sharp decline to new lows earlier this month, Pi has been moving quietly between $0.60 and $0.65, showing little sign of a meaningful comeback.
Amid the stagnation, further obstacles have emerged. Crypto payment provider Banxa, which had previously snapped up large amounts of Pi at discounted rates, has reportedly halted transactions involving the token. The pause appears linked to pending Know Your Business (KYB) approval, and Banxa could return once regulatory clearance is achieved and Pis value recovers.
Meanwhile, listing hopes on Binance once a major source of optimism remain stuck in limbo. Although Pi Network dominated Binances community voting contest months ago, no listing has materialized.
Binances recently updated listing guidelines, revealed on April 25, revived some speculation. However, the exchanges new framework places heavy emphasis on liquidity, adoption, token performance, and compatibility with Binance-supported chains.
Here lies a major roadblock: Pi is not currently integrated with BNB Chain, Solana, Base, or Ethereum the four blockchains Binance focuses on. Without bridging into one of these ecosystems or announcing clear expansion plans, Pis path to a major exchange listing appears increasingly complicated.
For now, Pi traders and supporters are left waiting, watching for any sign of either regulatory progress or technical developments that could reignite momentum.
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Text source: Coindoo
