Kyc authentication of pi coins refers to the real-name authentication of customers who hold pi coins to prevent financial fraud and other criminal acts. In the past, PI coins were not subject to government supervision and legal constraints, so the requirements for KYC were not so strict in the past, but now PI coins need real-name authentication to conduct corresponding transactions. With the frequent occurrence of fraud, running away and theft in cryptocurrency transactions in the past few years. There are also criminals who use cryptocurrency for fund-raising, money laundering, drug trafficking and other illegal acts. Therefore, with the promotion of governments and financial supervision departments in various countries, KYC authentication has gradually become a rule that cryptocurrency exchanges must implement. Therefore, now when you register your account with the cryptocurrency exchange, you will have KYC certification. KYC authentication includes personal account authentication and enterprise account authentication.

1. Personal account authentication: 1) Identity authentication material: ID card; 2) Address authentication materials: generally, the water and electricity bills, gas bills or credit card bills within 3 months;

2. Enterprise account authentication: 1) requires a scanned copy of the company's business license; 2) Passport scanned copies of the company's main contacts and beneficiaries (beneficiaries refer to natural persons or legal persons holding 25% or more of the company's shares) (if there is no passport, the front and back of the ID card and the personal page of the household registration book can be used instead); 3) Company bills: bills of any company's daily expenses in the last 90 days (including water, electricity, gas, Internet, telephone social security, bank statements, etc.). ); It must be issued by a formal institution (public utilities, banks, etc.). ); The bill should have the company name and detailed address, which should be consistent with the business license.

: the significance of KYC's promotion of pi currency

1, ensuring community value. In the blockchain field, all aspects of digital asset circulation need a real-name registration system, which is the general trend. Choosing real participants in the community through the real-name registration system and avoiding the generation of false big data will definitely enhance the value of the community.

2. Respond to the regulatory level. The blockchain field is chaotic, and the regulatory authorities will not always ignore it, and they will inevitably formulate rules for supervision. Pi network is legal and compliant. For the healthier development of Pi network, when supervision is needed, PI will not face the supervision risk brought by too many false users.