Pi Coin’s Absence from ISO 20022: Prioritizing MiCA Adherence and Advancing Ecosystem Expansion
- Pi Coin's exclusion from ISO 20022 is strategic, prioritizing MiCA compliance and community-driven growth over institutional banking integration. - ISO 20022 focuses on institutional crypto assets like XRP , while Pi Network emphasizes EU regulatory alignment and social mining accessibility. - Analysts note Pi's phased approach includes ecosystem development (wallets, tools) before pursuing banking integration, with MiCA compliance enabling EU exchange listings. - The project's organic adoption strategy
The fact that Pi Coin is not listed as ISO 20022-compliant has generated discussion among crypto enthusiasts, but market observers suggest this is consistent with Pi’s distinctive approach and regulatory focus. ISO 20022 is an international standard for financial communications and cross-border transactions, mainly intended for digital currencies that are built to work within institutional banking systems. In contrast, Pi Network follows a different path, emphasizing social mining, grassroots adoption, and adherence to EU regulations,
ISO 20022 standardizes the formats and protocols for financial operations such as bank payments and international settlements. Cryptocurrencies like
Market analyst Mansingh Rajput points out that Pi Coin’s lack of ISO 20022 status is intentional and not a misstep. The current stage of the project is dedicated to building a robust ecosystem—featuring a non-custodial wallet and developer resources—rather than seeking immediate integration with banking networks. Rajput emphasizes that ISO 20022 adherence demands “precise valuation, liquidity on multiple exchanges, and regulatory certainty”—goals Pi Network is steadily working toward
The Pi team has also refrained from manipulating supply or implementing artificial value controls that could complicate regulatory review. By prioritizing community-led governance and practical use cases, the project seeks to foster genuine adoption before engaging with legacy financial systems
Although being ISO 20022-compliant might eventually boost Pi’s appeal to institutions, Rajput believes that moving too quickly could be detrimental. “Banks will embrace Pi when the network proves its worth,” he stated,
With MiCA compliance and a carefully managed market entry, Pi is well-positioned for broader European adoption, which is a vital milestone toward worldwide relevance.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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