Is Pi Network Legal? How To Trade Pi Network (PI) In Malaysia
As the world of cryptocurrency continues to evolve, so do the questions surrounding it. One name that’s stirred both curiosity and controversy is Pi Network – a mobile-first cryptocurrency project that lets users “mine” tokens from their smartphones without heavy computing power. As Pi transitions from its testnet to a long-awaited open mainnet, Malaysians are increasingly asking: Is Pi Network even legal? And if so, how can I trade PI tokens safely in Malaysia?
Understanding Pi Network: What It Is and How It Works
Pi Network was founded in 2019 by a team of Stanford-educated technologists with a mission to make cryptocurrency mining accessible to everyone. Unlike Bitcoin or Ethereum, which require specialized hardware and high energy consumption, Pi enables users to mine tokens by simply tapping a button on their smartphones once a day.
The network is built on the Stellar Consensus Protocol, which leverages a system of user “trust circles” instead of conventional proof-of-work or proof-of-stake models. This allows for lightweight, decentralized validation with minimal computing resources. The result is a cryptocurrency ecosystem that can be mined by anyone with a mobile phone – without draining power or incurring technical barriers.
Since its inception, Pi Network has grown rapidly, amassing over 60 million users across the globe. The long-awaited launch of its open mainnet in February 2025 marked a significant turning point. With the transition from IOUs to live, tradable tokens on the blockchain, Pi holders can now move their tokens to exchanges, opening up the path to real-world use and value exchange.
Is Pi Network Legal in Malaysia?
Cryptocurrency in Malaysia operates under the oversight of the Securities Commission Malaysia (SC), which regulates digital asset exchanges and offerings. However, the legal status of specific tokens like Pi is not always black and white.
As of 2025, Pi Network is not officially recognized as a security nor explicitly banned. This places it in a regulatory grey area – common for emerging digital assets. Mining Pi via a mobile device is not subject to direct regulation, as it does not involve financial transactions or fiat exchanges. However, once users begin trading PI for other cryptocurrencies or fiat currencies, the activity enters a space that regulators monitor more closely.
That said, Malaysian residents can legally trade Pi Network tokens, provided they do so through exchanges that follow global standards for KYC (Know Your Customer), AML (Anti-Money Laundering), and asset custody. Choosing such platforms ensures compliance with local and international financial safeguards.
How to Trade Pi Network (PI) in Malaysia
Now that Pi is live on the open mainnet, trading the token is possible through select global exchanges. The key is to use platforms that offer genuine, on-chain PI tokens, maintain deep liquidity, and provide a secure trading environment.
Among these, MEXC has emerged as a top choice for users in Malaysia, especially with the availability of the PI/USDT trading pair for convenient and efficient transactions.
Why MEXC Is the Best Choice for Trading Pi Network?
Founded in 2018, MEXC is a globally trusted cryptocurrency exchange with over 36 million users across 170 countries. The platform has become well-regarded for its deep liquidity, early access to high-potential tokens, and strong security infrastructure.
In terms of performance, MEXC currently accounts for 13.06 percent of the global spot trading market share, placing it among the top exchanges worldwide. The platform’s spot depth exceeds 3.1 billion dollars, allowing for smooth, high-volume trades with minimal slippage. For Pi traders, this ensures more accurate execution and fewer price shocks. The exchange also supports major trading pairs like BTC USDT, offering a reliable option for users who want to diversify or hedge their positions within a single platform.
In addition, MEXC offers zero maker fees and 0.05 percent taker fees, among the most competitive in the industry. It provides a robust KYC and security system, including bi-monthly Proof of Reserves audits, and supports a wide variety of tokens, including early-stage projects like Pi Network. For Malaysian users, MEXC offers localized support, MYR deposit methods through P2P and crypto-fiat gateways, and a user-friendly interface.
Step-by-Step Guide: How to Buy PI on MEXC from Malaysia
For those looking to trade Pi tokens safely in Malaysia, here is a step-by-step breakdown of the process using MEXC.
Step 1: Create a MEXC Account
Visit the official MEXC website and register using your email or mobile number. Choose a secure password and enable two-factor authentication for added security.
Step 2: Complete Identity Verification (KYC)
Submit a copy of your Malaysian identity card or passport, along with a selfie for facial recognition. This process is mandatory for accessing fiat-related features and increasing withdrawal limits.
Step 3: Deposit Funds
You can fund your account using several options:
- Peer-to-peer trading for direct MYR deposits
- Cryptocurrency transfers from external wallets
- Debit or credit cards via approved third-party providers
Step 4: Search for Pi (PI) in the Spot Market
Once your funds are available, navigate to the Spot Trading section. Use the search bar to find PI USDT or other available trading pairs.
Step 5: Execute Your Trade
Decide on your trade strategy. You can place a market order for instant execution or a limit order to specify your preferred price. Confirm the transaction and monitor it under your wallet’s balance.
Step 6: Store or Use Your PI Tokens
After the trade is complete, you can hold PI on the MEXC platform, transfer it to an external wallet, or explore staking options if available.
Key Strengths and Emerging Challenges of Pi Network
Pi Network has captured global attention not just for its accessibility but for the ambitious vision it brings to the blockchain space. While no project is without growing pains, Pi offers a number of encouraging signs that suggest real long-term promise.
A Massively Engaged Community
Few blockchain projects can claim the kind of user growth that Pi Network has achieved. With over 60 million users worldwide, Pi has successfully onboarded people from both crypto-savvy regions and underserved markets. This wide adoption base creates a strong foundation for future use cases and a potentially resilient ecosystem once real utility expands.
A User-Friendly, Low-Barrier Model
By enabling mining from mobile phones, Pi has made cryptocurrency accessible to millions who might otherwise be excluded due to hardware costs or technical complexity. This democratized entry point has the potential to drive adoption far beyond what traditional mining networks have achieved.
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Open Mainnet and Increasing Utility
The launch of Pi’s open mainnet in 2025 was a pivotal development. It marked the shift from an experimental, closed environment to a functional blockchain where tokens can be transferred, stored, and traded. While real-world applications are still in development, this transition lays the groundwork for decentralized apps (dApps), smart contracts, and merchant integrations over time.
Growing Exchange Recognition
While Pi’s valuation is still stabilizing post-launch, it’s notable that PI has started appearing alongside high-volume trading pairs, such as BTC-USDT. This suggests increasing interest from traders and that exchanges are beginning to treat PI as a potentially valuable digital asset.
The Road Ahead
Pi Network still faces important challenges – such as improving decentralization, clarifying its governance, and expanding practical use cases. However, its active community, clear user appeal, and move to open mainnet are strong indicators that it is more than a passing trend. As development continues and adoption grows, PI may become one of the more accessible and widely used assets in the next wave of blockchain utility.
Where Pi Network Stands Today
As Pi Network continues to evolve, its transition to an open mainnet has opened the door to real utility and trading opportunities. While Pi Network is not officially regulated in Malaysia, it is not illegal either – placing it in a space where educated, responsible participation is possible.
For those in Malaysia looking to engage with PI tokens, using a reputable, secure exchange like MEXC is not just recommended – it is essential. From deep liquidity and low fees to user protection and local support, MEXC offers the ideal platform to explore Pi Network’s potential while minimizing the risks.
As always, do your own research, stay informed about local regulations, and only invest what you can afford to lose. The crypto world rewards curiosity and caution in equal measure.
