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What is KYB for Businesses?
KYB (Know Your Business) verification is the process of validating a business’s identity, ownership, and compliance with regulatory requirements and seeks to mitigate fraud and ensure transparency—which is especially important for financial or crypto businesses that want to engage with Pi Network and its users to provide their services. To maintain a safe and compliant ecosystem, participation in Open Mainnet blockchain activities requires the KYC verification for Pioneers, and KYB verification for such businesses.

Why Should You KYB Your Business?
A business must undergo KYB in order to securely verify its authenticity, establish trust, and ensure compliance in order to provide its services to millions of potential users in the Pi ecosystem. This is particularly important for financial or crypto services. Successfully passing KYB allows your business to receive a Pi Mainnet Wallet, which provides additional benefits and utilities.
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