A parental consent functionality may be added by the Core Team to allow minors to complete KYC later. It is intended that all pioneers participate in KYC. However, as the legal age of consent in the United States is 12 years old, it is advised that children under that age not open a Pi account. The KYC form also stipulates that a person must be older than 18. As a result of their children receiving digital assets at such a young age, should the Core Team decide to take this suggestion into consideration and add parental consent capabilities for young pioneers, it will ultimately save parents’ maintenance costs. They must mentor them so they don’t mistreat them.
KYC is crucial for the Pi Network.
One of the most crucial processes before migrating to the Open Mainnet on the Pi Network is the KYC process. The migration of Pi Network users to the Open Mainnet has been delayed for a number of reasons, including this particular exercise.
Parental Consent: What Is It?
Parental consent is the unequivocal approval granted by a parent or legal representative for a kid to engage in a particular activity.
Examples of ways to include parental consent are provided.
- Parental consent features may include a consent document that parents must sign on their child’s behalf.
- Include the child’s name, birthdate and place, passport information, and, if applicable,
- The parent’s or guardian’s name, custody details, and passport information.
What is Pi Network?
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web3 experience where community developers can build decentralized applications (dApps) for millions of users.
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