Pi Network Announces Key KYC Update: Mainnet Migration Guide for All Miners

Pi Network's co-founder recently revealed a significant upgrade to the identity verification system. This update goes beyond basic identity verification, integrating international sanctions screening and compliance review mechanisms to build a unified Web3 identity authentication platform. This move aims to strengthen the underlying security of the network while providing a smoother and more compliant mainnet asset migration channel for hundreds of millions of miners worldwide.

The goal of this system restructuring is to gradually break down the barriers connecting the Pi Network with the traditional financial system, attract non-original user groups to join the ecosystem, and enhance the project's compliance and social acceptance. However, despite the team's continuous investment in process optimization, some users who have been waiting a long time to exchange tokens still express concern about processing efficiency. The official statement indicates that they are accelerating the response speed of the back-end system, striving to shorten the user waiting period while ensuring security, and promoting the true inclusive landing of the mainnet.