Pi Network's Official Listing Price on OKX Exchange
At 3 PM on February 20, 2025 (Vietnam Time), Pi Network was officially listed on major cryptocurrency exchanges with an opening price of approximately $1.70 USD. Prior to this, unofficial markets recorded Pi trading between 30,000–50,000 VND/Pi.
According to OKX, Pi’s post-listing price may fluctuate between $0.50–$2.00 USD, driven by its robust Tokenomics model and strong community support. Long-term projections suggest Pi could reach $10 USD if market conditions and community growth remain favorable.
Key Factors Influencing Pi’s Value:
- Market adoption rates
- Liquidity levels
- Future listings on larger exchanges
👉 Track live Pi Network prices on OKX
Note: Prices are subject to market volatility. Always research the project, analyze trends, and assess risks before trading. For real-time updates, monitor reputable crypto exchanges or Pi Network’s official channels.
Legal Penalties for Using Pi for Business Payments in Vietnam
Regulatory Framework
Under Decree 88/2019/ND-CP (amended by Decree 143/2021/ND-CP), using unauthorized payment methods—including cryptocurrencies like Pi—can result in fines of 50–100 million VND (≈ $2,000–$4,000 USD) for individuals.
Excerpt from Decree 88/2019/ND-CP:
"Issuing, supplying, or using illegal payment instruments without criminal liability will incur administrative fines."
Enforcement Details:
- Fines apply to individuals conducting business transactions with Pi.
- Penalties double for organizations (up to 200 million VND).
Critical Takeaway: Pi is not recognized as legal tender in Vietnam. Businesses accepting Pi payments risk fines unless operating under special regulatory sandboxes.
FAQ: Business and Tax Obligations for Crypto Traders
1. Do individual traders need to pay business license tax ("thuế môn bài")?
Yes, if annual revenue exceeds 100 million VND (~$4,000 USD). Exemptions apply to:
- Non-regular traders without fixed locations.
- Producers of salt, fisheries, or agricultural goods.
2. Must individuals register their business to trade Pi?
No registration required for:
- Mobile vendors (e.g., street food, freelance services).
- Seasonal traders.
- Small-scale services (shoe repair, haircuts, etc.).
- Exception: Businesses in conditional sectors (e.g., finance, healthcare) must register.
👉 Explore compliant crypto trading strategies
Summary of Key Points
- Pi’s volatility: Monitor OKX for real-time data.
- Legal risks: Fines for unapproved crypto payments.
- Taxes: License tax applies to high-revenue traders.
- Registration: Exempt for informal/small-scale operations.
Always consult legal/financial experts for localized advice.