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#PI Pi Network ( $PI ) has fully complied with the EU's regulatory framework for crypto assets (MiCA), and announced this in the revised White Paper released on November 19. This allows it to connect to regulated EU exchanges. The approval of MiCA reduces regulatory uncertainty – a major barrier to broad adoption – and has the potential to enhance liquidity and interest from institutional investors. The legitimacy of the token's utility (payments within the Pi ecosystem) has increased, driving demand rise.
Bolstered by this news, the price of $PI rose by nearly 5%, with trading volume increasing by nearly 120%.