Pi Network News: Pi Coin Gains DTI Code, Enabling Wider Exchange and Banking Support
Pi Network’s Pi Coin secured an ISO 24165 DTI code (2K95TZ2QN). This enhances its regulatory alignment, allowing wider exchange integration, banking support, and institutional access.
Pi Coin now possesses an official DTI code. This is under ISO 24165: 2K95TZ2QN. This Digital Token Identifier code for Pi Network allows for a number of advancements. These include seamless exchange integration and custodial banking support. Furthermore, it aids access on an institutional level. It also offers OTC trading compatibility. Especially, only a few coins have a DTI code. Pi Network accomplishing this is a great achievement.
Significance of the DTI Code for Regulatory Alignment
Pi Network obtained an official Digital Token Identifier (DTI) code: 2K95TZ2QN. This development could allow for broader exchange support. It also improves banking support. This happens by greatly enhancing compliance with regulations. This is a very important step for mainstream acceptance.
A DTI is a global standard (ISO 24165). It is applied to unambiguously identifying digital tokens. These are also referred to as crypto assets. The assignment of a DTI code to Pi (PI) is a signal of several possible advancements.
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One of the primary benefits is Regulatory Alignment. The DTI standard helps to bring Pi into line with international financial regulations. This includes the EU’s MiCA (Markets in Crypto Assets) framework. This can make the regulatory approval processes much easier.
Enhanced Integration is another important advantage. This identification standard makes integration with mainstream financial systems easier. This includes cryptocurrency exchanges, custodial banking services, and institutional investment platforms.
Increased Transparency is also a result of a DTI code. It entails the registration of specific verifiable technical data. It also contains reference data regarding the token. This helps to increase transparency. It lowers the operational risks for financial institutions. This helps to identify the asset. It helps monitor possible risks, such as money laundering.
Pi Network’s Roadmap and Trading Status
According to the roadmap provided by the Pi Core Team, there are huge improvements planned. After the Open Mainnet, the following upgrades will be implemented in the Pi Wallet.
These include the question of improving the functionality of the QR codes. This eases the payment process in local commerce. It also makes the transfer of Pi balances faster. These are migrated from the mining app to the Mainnet.
One of the most anticipated improvements is the inclusion of the Pi wallet. This will happen into native phone wallets. Further, this makes it easier to access by users. It also makes it easier to easily perform local commercial transactions.
Source: Pi Network
Pioneers are also excited about the potential of the Pi wallet in the future. Expectations are advanced features. These include multi-functionality and support for different digital assets. Increased security measures are also expected. Market analysis tools will help users to make informed financial decisions.
The assignment of the DTI code is based on recent confirmation. This was in the Pi Network’s MiCA whitepaper. It states Pi is a completely independent Layer 1 Blockchain. Further, it has fixed total supply of 100 billion Pi Tokens. It is classified as a utility token (not a security).
While this development is a significant step toward compliance with the regulations. It is also looking to integrate with potentially larger financial markets. It is important to mention some aspects.
The post Pi Network News: Pi Coin Gains DTI Code, Enabling Wider Exchange and Banking Support appeared first on Live Bitcoin News.
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