Pi Network White Paper completes ESMA registration, taking a key step towards aligning with EU MiCA regulation

January 16 News, Pi Network has made significant progress in the European compliance process. Pi Network Alerts disclosed that the Pi Network white paper has been officially registered with the European Securities and Markets Authority (ESMA), with registration number 549, submitted by PiBit Ltd. This move is seen as a key milestone for the project’s alignment with the EU’s crypto asset regulatory framework, demonstrating its proactive adaptation to MiCA requirements.

ESMA is one of the core financial regulatory authorities in the EU, responsible for promoting information disclosure and market supervision under the MiCA framework. Registering the white paper indicates that the project has disclosed its operational model, risk structure, and technical framework in accordance with EU standards, reflecting an increase in compliance transparency. It is important to note that ESMA registration does not equate to approval or endorsement; it is merely a record of information disclosure and does not mean the token has been approved for trading.

Completing the registration in one of the world’s most strictly regulated markets will help the project expand cooperation and business deployment within the EU and the European Economic Area in the future. For Pi Network, this step indicates that its compliance route is progressing, but there is still a gap before obtaining full MiCA authorization, and further regulatory conditions need to be met.

Community reactions vary. Supporters believe that ESMA registration sends a positive signal, showing that the project is shifting from early narratives to a more institutionalized and sustainable development path; skeptics point out that the pace of mainnet deployment and ecosystem implementation remains critical, and a single legal action is insufficient to change fundamental judgments.

In the context of the increasingly regulatory-compliant crypto industry, projects that ignore rules face greater uncertainty. Pi Network’s decision to advance the white paper registration first signifies a strategic shift toward prioritizing compliance. Moving forward, the progress of the mainnet, application adoption, developer activity, and whether it obtains MiCA-related authorization will be key indicators of the practical significance of this registration.