Vietnam authorities have warned users that the Pi Network token cannot be used for payments as it is illegal. The police stated that virtual currencies are not allowed as a means of payment in the country and organizations that accept Pi for payments could face fines or prosecution. The warning comes as Pi tokens have gained popularity in Vietnam, where crypto adoption is high. Authorities also highlighted the risks associated with Pi, including potential scams and fake applications. The Pi token's value has seen a significant decline recently, and it has faced criticism for being a fraudulent project. Some users have complained about not being able to claim their Pi tokens due to verification issues. The Pi Network team has extended the migration deadline for its mainnet in response to these concerns.



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