#PI In conjunction with the latest developments in November 2025, the trading scenarios of Pi Network are focused on the EU and some countries where private transactions have previously taken place, and Compliance trading is gradually being implemented. The specifics are as follows:

1. Multiple EU countries: Pi Network has met the EU MiCA regulatory standards and plans to commence compliant trading in the EU on November 28. The first station will launch on an exchange licensed in Malta, with Germany, France, Italy, and other hosting member states simultaneously opening compliant trading. Previously, its Valour Pi ETP was listed on the Swedish Spotlight stock market, providing local investors with compliant investment channels.

2. United States: Although there is no unified comprehensive compliance recognition, some businesses in Florida, such as the real estate company ZitoLLC, have accepted Pi coins for the purchase of goods and property transactions. Additionally, there are community-driven peer-to-peer trading scenarios, but they must comply with local securities regulations.

3. Some countries in Asia: In South Korea, plastic surgery clinics, retail stores, and other businesses privately accept partial payments in Pi coins; in Vietnam, small merchants such as coffee shops also support Pi coin payments for small purchases like breakfast and coffee; however, these transactions are mostly voluntary actions by the merchants, and the local authorities do not recognize their legal payment status, which poses regulatory risks.