Pi Network KYC FAQs

Pi Network is a decentralized cryptocurrency project that aims to make mining accessible to everyone with the use of a mobile app. One of the requirements for joining the Pi Network is completing a Know Your Customer (KYC) verification process. Here are some frequently asked questions about Pi Network KYC:

Why is KYC required for Pi Network?

KYC is required for Pi Network to comply with international anti-money laundering (AML) and counter-terrorism financing (CTF) laws. By verifying users' identities, Pi Network can ensure that its platform is not being used for illicit activities.

What information do I need to provide for KYC?

To complete KYC, users are required to provide their full name, date of birth, and a government-issued ID such as a passport, national ID card, or driver's license. Additionally, users may be required to provide a selfie for facial recognition purposes.

Is my personal information safe with Pi Network?

Pi Network takes the privacy and security of its users' personal information seriously. The information collected during KYC is stored securely and is only used for verification purposes. Pi Network does not share or sell user information to third parties.

Can I use someone else's ID for KYC?

No, using someone else's ID for KYC is strictly prohibited and can result in immediate termination of your Pi Network account.

What if my KYC is rejected?

If your KYC is rejected, you will receive a notification detailing the reason for the rejection. You will have the opportunity to correct any errors or provide additional information. If your KYC is rejected multiple times, you may be permanently banned from the Pi Network.

In summary, completing KYC is a necessary step for joining the Pi Network and ensuring the platform is not being used for illicit activities. Pi Network takes the privacy and security of its users' personal information seriously and requires government-issued ID and facial recognition to complete the verification process. Using someone else's ID for KYC is prohibited and can result in account termination.

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