Pi Network claims MiCA compliance, pushes for regulated EU exchange listings

The European Central Bank (ECB) is expressing concerns that US dollar stablecoins may undermine its policy influence. In response, European issuers are proposing solutions to address these challenges, indicating a proactive approach to maintaining financial stability within the Eurozone.

Basel's stringent crypto regulations are being reconsidered as the US, UK, and EU diverge in their approaches. The chair of the Basel Committee indicated that the rapid adoption of stablecoins is prompting a review of the previously proposed 1,250% capital charges for banks dealing with cryptocurrencies.

Pi Network is transforming its extensive mobile community into a distributed computing grid, exploring the potential for artificial intelligence (AI) to operate on a global scale through crowd-sourced resources rather than relying on traditional cloud computing. With over 50 million nodes, this initiative aims to leverage the collective power of its user base to test the feasibility of decentralized AI applications.

Pi Network is leveraging its extensive mobile community to create a distributed computing grid, aiming to determine if artificial intelligence (AI) can function effectively on a global scale through crowd-sourced resources instead of traditional cloud computing. This initiative could potentially revolutionize how AI operates by utilizing the collective power of its 50 million nodes.