In a groundbreaking development, China has officially granted a license for Pi Network to operate within the country, sparking immense excitement and anticipation within the Pi community. This news is viewed as a pivotal moment, signaling the potential for Pi Network’s exponential growth and the prospect of creating new billionaires within its user base.
HOT HOT🔥 News from @PiCoreTeam
CHINA GRANTS OPERATING LICENSE to Pi Network😎
Congratulations to the Pi Network community in #China 💥💥
Since 2020, the #PiNetwork project has obtained a license in China, operating in various fields including:
1- Electronic transfers 🔥⚡️… pic.twitter.com/5bMdnooYWo
— Dapp. PiNet π (@Dapp_Pi) February 1, 2024
The granted license empowers Pi Network to operate in several key areas, expanding its reach and influence within the world’s most populous country:
Electronic Remittance: Pi Network is now authorized to offer electronic money transfer services, facilitating seamless and efficient financial transactions for users within China.
Commercial (Financial) Payment: Pi Network gains the ability to be utilized as a method of payment for goods and services at stores and businesses that embrace Pi as a form of currency.
Mutual Funds, Fund Investment, Currency Valuation, Financial Guarantee (Guarantee Service), Trust Management: This license permits Pi Network to actively engage in financial and investment activities, including managing mutual funds, investment funds, currency valuation, financial guarantees, and trust management.
ATM Withdrawal: Pi Network users in China will have the convenience of withdrawing cash directly from ATMs using their Pi holdings.
This licensing marks a monumental development for Pi Network, as it grants access to the world’s largest market, encompassing over 1.4 billion people. The permission for Pi Network to operate in the financial and investment sector also serves as a testament to the Chinese government’s confidence and trust in the project.
The Pi community is abuzz with excitement, interpreting this move as a strong endorsement of Pi Network’s credibility and potential for widespread adoption. The ability to operate in various financial capacities positions Pi Network as a versatile player in China’s dynamic economic landscape.
As Pi Network continues to evolve, the granted license in China propels the project into a position of significant influence and opportunity. The Pi community eagerly awaits the unfolding chapters as Pi Network embarks on this new phase of expansion and engagement within the Chinese market. Read Similar Story
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