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Pi Network Advances Toward MiCA Compliance with New ETP Listing
Pi Network Advances Toward MiCA Compliance
- Pi Network is working to comply with the EU's Markets in Crypto-Assets Regulation (MiCA), crucial for trading in European markets.
- The project entered regulated markets via the Valour Pi Exchange-Traded Product (ETP) on Sweden’s Spotlight Stock Market.
- A new whitepaper highlights Pi Network’s low energy consumption at 0.0024 TWh annually, compared to Bitcoin’s BTC 185 TWh, marking a 99.9% reduction.
- This aligns with global sustainability initiatives like the UN’s decarbonization goals.
- Pi Network offers a non-custodial Pi Wallet, ensuring users have full control over their tokens.
- As Pi aims for MiCA compliance, inclusion on compliant exchanges will enhance liquidity and market reach within the EU.
Pi Coin Price Dynamics
- Pi coin's price hovers around $0.22, following a rejection at $0.28.
- An analysis by Alpha Crypto Signal shows it trading in a symmetrical triangle pattern, indicating consolidation.
- Low trading volumes suggest a possible breakout if the price surpasses the triangle's upper resistance.
