12/09/2024
The Vietnamese Government Requires Legal Framework for Virtual Assets, and Pi is Leading the Way!
Hello everyone, and best wishes for a good day! Please follow the latest news about Pi Network with the main updates: The Vietnamese government has requested the completion of a legal framework for virtual assets, and Pi is at the forefront of this digital trend. Dr. Nicolas Kokkalis, who has been actively involved in the cryptocurrency community before Bitcoin, continues to drive the development of Pi.
The Vietnamese government has requested the Ministry of Finance to research and develop a legal framework to ban or regulate virtual assets, with a deadline of May 2025. This is part of the National Action Plan on Anti-Money Laundering and Counter-Terrorism Financing. The State Bank of Vietnam is also required to assess the risk of money laundering in industries such as gambling, gaming rewards, and virtual assets, with a deadline for completion in September this year. The Ministry of Finance will be responsible for creating a legal framework to ban or manage virtual assets and entities, including service providers, by May 2025.
This is a wise move by the Vietnamese government to regulate virtual assets and digital currencies such as Bitcoin, Ethereum, Pi Coin, and other cryptocurrencies that have been developing in recent years. Pi Network is a revolutionary project in global finance. The project has been developing for over 5 years but has not yet officially announced that Pi is a next-generation digital currency following Bitcoin and Ethereum. Currently, Pi has the largest community with over 60 million users worldwide and is present in 230 countries and territories.
Pi Network has been approved by the United States and the European Union. The KYC (Know Your Customer) function of Pi is a breakthrough, helping protect users against terrorism, money laundering, and other crimes. In terms of technology, Pi outperforms Bitcoin and Ethereum with its global distributed node system. Pi's ecosystem is rapidly growing, with tens of thousands of applications across various fields, ready for a vibrant digital economy in the future. The Pi wallet is a secure application with 24 secret phrases, superior to other decentralized wallets that only have 12 phrases.
Dr Nicolas Kokkalis has stated that only quantum computers in hundreds of years might be able to hack Pi wallets. Pi aims to reach billions of users globally and become a super-sovereign currency for society. Legal issues related to Pi have been addressed by Dr. Nicolas and his project team to comply with the laws of each country. Pi is a special digital asset, and its holders will have the opportunity to rise in the near future.
The Open Mainnet (OM) of Pi is not far off. The criteria set by Pi are about to be completed this year. The Core Team has announced that they are very busy achieving these important milestones. Pi has reactivated Guardian accounts that had been inactive for 3 years and moved 2 million Pi into each account. The exact purpose of these accounts is still unclear, but the community speculates that they may be reserved for governments or major corporations behind Pi.
An important point that many pioneers might not know is that Dr. Nicolas Kokkalis has been actively involved in the cryptocurrency community even before Bitcoin became popular. Get ready for an exciting journey into the world of cryptocurrency, guided by the talented Nicolas Kokkalis. He was experimenting with blockchain technology in its early stages when most of us were still getting used to the internet.
Nicolas grew up in Greece and developed a passion for technology early on. After graduating, he jumped straight into software development, with a particular interest in blockchain technology and cryptocurrencies. For Nicolas, cryptocurrencies are not just digital money but a revolutionary force capable of transforming entire industries.
As Bitcoin began to gain popularity in the early 2010s, Nicolas immersed himself in the community, connecting with like-minded individuals and learning everything he could. However, he was not content with merely observing, and in 2019, he decided to take action by launching Pi Network. Unlike other cryptocurrency projects, Pi was designed to make cryptocurrency accessible to everyone, not just tech-savvy elites.
Pi not only makes cryptocurrency more accessible but also more sustainable. Nicolas and his team aim to build a comprehensive cryptocurrency ecosystem that benefits everyone, not just a select few.
Pi Network is still in its early stages but is well-positioned to become a significant player in the global cryptocurrency landscape. Therefore, when you hear the name Nicolas Kokkalis or come across Pi, you are witnessing a new financial future taking shape. Now is the time to celebrate Dr. Nicolas Kokkalis and his adventure in the cryptocurrency world!
Joining Pi Network is not just about following a typical cryptocurrency project; it’s about embracing core values of freedom, education, and human connection. Pi will reflect humanistic values in all aspects of life and help build a more compassionate society. Users of Pi are expected to show respect and proper conduct within the community.
This is not a barrier for those with selfish or envious habits. If they do not change, they will be excluded from Pi's ecosystem. This is a humanistic and educational platform that no other cryptocurrency project has achieved. Wishing you all the best and happiness with Pi Network in the future! (Pi π is Crypto King)🐬🐬🐬
