Recently, a social media buzz has been circulating about the Pi Network, claiming that Hong Kong has officially recognized Pi as a legitimate cryptocurrency. Let’s delve into the truth of this claim.
On the other hand, Hong Kong is indeed making significant strides in the cryptocurrency space by working on launching a Bitcoin Exchange Traded Fund (ETF). This move is part of its efforts to maintain its status as Asia’s financial hub. Previously, the launch of a Bitcoin ETF in the U.S. led to a notable surge in Bitcoin’s value.
According to our research, this news is simply creating hype and lacks solid evidence. As of now, this information is not genuine.
The Pi Network, which is still in its developmental stages, has not received any official recognition from Hong Kong or any other major financial hub.
MUST READ BELOW PROVIDED SOURCES:
Hong Kong’s crypto wealth management company, Metalpha, suggests that the approval of a Bitcoin ETF will attract rapid investment in Hong Kong and increase demand for cryptocurrencies. However, there has been no mention of the Pi Network in any official statements or plans.
In conclusion, we advise readers not to believe in such fake news regarding Pi Network until its mainnet is officially launched and verified. Stay informed and rely on credible sources for your cryptocurrency news.
