Pi Network’s KYB Process: Latest Updates and Guide for 2025

Many protocols built on several blockchain ecosystems have posed risks to users in the crypto space, despite the promise of decentralization. While audits have proven effective in reducing risks, users must remain vigilant when interacting with blockchain platforms.

Pi Network, like most decentralized blockchains, offers businesses and protocols a unique opportunity to engage with its growing ecosystem. To mitigate the risks associated with Decentralized Applications (dApps), including businesses on the blockchain, the platform introduced a KYB (Know Your Business) verification process—a crucial step for businesses seeking to integrate with Pi Network’s blockchain. 

This article examines what KYB entails, its significance, and how businesses can leverage it. With insights from recent developments and official documentation, this guide aims to provide a comprehensive overview for businesses navigating this process.

What Is Pi Network KYB?

KYB refers to the Know Your Business verification process implemented by the mobile mining blockchain platform. This process is designed to validate a business’s identity, ownership, and regulatory compliance. According to Pi Network’s official KYB Business page, KYB aims to mitigate fraud and ensure transparency, particularly for financial or cryptocurrency businesses seeking to provide services within the Pi ecosystem.

Unlike KYC (Know Your Customer), which verifies individual users, KYB focuses on businesses. It ensures that only legitimate entities can interact with Pi Network’s blockchain, particularly on the Open Mainnet, where KYC-verified users and KYB-verified businesses are active. This dual-verification system is a cornerstone of Pi Network’s commitment to security and trust.

Why Should Businesses Undergo KYB Verification?

For businesses, completing the KYB process offers several advantages, particularly for those in the financial or cryptocurrency sectors. Here’s why KYB is essential:

1. Establish Trust and Authenticity

KYB verification enables businesses to securely demonstrate their legitimacy, thereby fostering trust among Pi Network’s millions of users. By passing KYB, a business demonstrates compliance with regulatory standards, which is crucial for building credibility in a decentralized ecosystem.

2. Access to Pi Mainnet Wallet

Successfully passing KYB enables a business to integrate its operations within the Pi Mainnet Wallet, a key tool for conducting on-chain PI transactions. This wallet offers additional benefits, including seamless integration with Pi’s blockchain and the ability to provide services directly to Pioneers.

3. Reach Millions of Users

Businesses that complete KYB are listed on Pi Network’s official KYB Entity page, a public directory of verified entities. This listing serves as a quick reference for users, helping businesses gain visibility and connect with Pi’s extensive user base.

4. Seamless Blockchain Integration

KYB facilitates a deeper connection between a business and Pi’s blockchain. This integration enables secure, on-chain transactions and enhances the business’s role within Pi’s ecosystem, supporting the network’s vision of an inclusive peer-to-peer economy.

KYB in Action: Real-World Examples

Recent developments highlight the practical implementation of KYB within Pi Network. According to a tweet by @Mahidhar_Crypto on April 30, 2025, four applications—Pi Bridge, PiChainMall, Teltlk, and Zypto App—have completed KYB verification. 

Zypto App, in a reply on April 29, 2025, confirmed that it completed the process long ago but noted delays in updates to the Pi Network page, emphasizing its commitment to providing tools for Pioneers despite the lag. The news suggests that the protocol has completed its KYC process, although Pi Network hasn’t updated the verified entity page. 

“We completed the process a long time ago. It's not up to us when PCT update their page, but we're not going to stop providing tools for Pioneers just because a website hasn't been updated,” Zypto App wrote on X. 

Meanwhile, Pi Network’s KYB Entity page lists other verified businesses, including well-known exchanges like OKX, Bitget, Gate.io, Pionex, and MEXC. These listings underscore KYB’s role in enabling trusted partnerships, particularly since the Open Network is now live.

Further evidence of KYB’s impact is evident in posts on X. @Dr_Picoin noted on April 25, 2025, that Pi trading had resumed after a month-long suspension, likely following KYB approval. These examples demonstrate how KYB ensures compliance and security for exchanges and apps that interact with Pi Network.

The Importance of KYB for Pi Network’s Ecosystem

KYB plays a pivotal role in Pi Network’s broader strategy to create a secure and sustainable ecosystem. Official documentation outlines several key aspects that highlight its significance:

• Safety: KYB ensures that verified businesses interact with KYC-verified Pioneers, maintaining real-world legitimacy.
• Scam Prevention: Only KYB-verified businesses can access Pi Mainnet Wallets, reducing the risk of fraud. Pi Network advises users to avoid non-KYB-verified entities that claim access to Mainnet wallets.
• Compliance: Businesses must hold proper licenses for their geolocations, supporting regulatory adherence and the project’s long-term success.
• Platform Utility: A KYB-verified network lays the foundation for future integrations, enhancing the ecosystem’s functionality.

These components demonstrate how KYB fosters trust and scalability, aligning with Pi Network’s vision of a decentralized economy.

KYB vs. KYC: What’s the Difference?

To clarify, KYB and KYC serve different purposes within Pi Network. KYC verifies individual identities to prevent fraud, while KYB ensures businesses meet legal and ethical standards. This dual system is crucial for security, underscoring KYB’s role in blockchain ecosystems.

For businesses, understanding this distinction is key to determining the appropriate verification process. While KYC suffices for individuals and small-scale operations, KYB is essential for larger entities seeking to provide services on Pi’s blockchain.

Future Implications of KYB for Pi Network

With Pi Network's Open Mainnet fully operational, KYB will continue to be a cornerstone of its ecosystem. In any case, it is a significant initiative that ensures trust and legitimacy as the network scales. By verifying businesses, Pi Network reduces risks for users and fosters broader adoption, particularly in the financial and crypto sectors.

Moreover, KYB supports platform-level utility by creating a verified network that other services can integrate with, paving the way for innovative applications. Based on unconfirmed reports, entities like Pi Bridge, Pi Chain Mall, Teltlk, Zypto App, and Bitmart are already benefiting from KYB verification. The process is proving its value as Pi Network continues to build on its solid entry into the Decentralized Finance (DeFi) space. 

Businesses considering KYB should evaluate their goals and consult Pi Network’s official resources to determine the best course of action. BSCN recommends visiting Pi Network’s KYB Business page for more information or exploring the list of verified entities at KYB Entity page.