#PI Recently, there have been news in Pi Network about the investigation of the KYC mechanism, progress in the migration to the Mainnet, and the launch of the DEX, namely:

The KYC mechanism has been questioned by the SEC: The U.S. Securities and Exchange Commission (SEC) recently began investigating the KYC process of the Pi network, questioning the collection of user data and compliance with anti-money laundering requirements. Although the Pi team responded that they received GDPR certification from the EU, some exchanges have still suspended the withdrawal function of Pi coins. As a result, the price of Pi coins has dropped by 15% over the week.
Delay in mainnet migration in Chinese-speaking regions: According to news from June 13, there has been a delay in the migration process of the mainnet for Chinese-speaking communities due to the need for thorough verification of real and illegal users. The number of reports of violations in accounts in Chinese is more frequent than in other regions, including automated analysis of scripts, shabu-shabu, and mining farm clusters, as well as many unofficial impostors spreading false and misleading information.
PISwap is launching soon: the first decentralized exchange in the Pi Network ecosystem PISwap plans to officially start trading on June 13, 2025, at 20:00. The platform has undergone a full audit by the world-renowned auditing firm Beosin, and its core trading logic, smart contracts, and liquidity mechanisms meet safety standards.