TechFlow, on November 1, the WeChat Security Center released the list of top rumors circulating on Moments in October 2025, with the claim "“Can π coins be exchanged now?”" ranking sixth.
Netizens posted short videos claiming “bank branches have already started processing π coins,” but verification revealed that the footage actually showed a special service window for “π-type approval officers” at a local public service center in a certain region. This has nothing to do with the so-called “π coin” and represents a misinterpretation of the “π-type approval officer” window.
The China Internet Joint Rumor Refutation Platform explained that a “π-type approval officer” refers to a senior composite professional who possesses expertise in at least two fields and can integrate knowledge across disciplines. “π coin” is a virtual currency based on blockchain technology, using a unique mining method and centralized network architecture, commonly known as Pi Network. In fact, cyber police from multiple regions have issued warnings stating that the “π coin” free mining scheme is a scam designed to sell users' personal information and defraud money.
The China Internet Joint Rumor Refutation Platform also stated that claims about “π coin” being exchangeable into RMB are false. Lou Feipeng, researcher at Postal Savings Bank of China, noted that virtual currencies are not real money. The only legal institution authorized to issue currency in China is the People's Bank of China. Virtual currencies like “π coin” are not issued by the People's Bank of China and have no exchange relationship with the RMB.
