Pi Network faces criticism from its community due to its KYB delays.
PI took a sharp plunge today and made a comeback, trading at $0.59.
Pi Network is slowly turning into a controversial topic in the crypto industry. The reputation it has built over the past few years is at stake due to its network delays. Major crypto exchanges distanced themselves from listing Pi coins as the project is lacking transparency and has network issues.
One of the major issues about the Pi Network that has surfaced recently is its delay in processing Know-Your-Business (KYB) requests. KYB approval from the Pi Network is essential for any project to officially launch on its network. As these requests are facing delays in processing, developers are choosing other platforms.
PiDaoSwap made a post on its official X account expressing its impatience over Pi Network’s KYB delays. It submitted a KYB application 15 working days ago, and there has been no progress on the process. Since the
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