How did BYD Auto manage to sell more than 100 cars for Pi Coin amid the ban?🔥💰🚀

In China, reports mentioned that BYD Auto Service Co., Ltd. sold more than 100 cars using Pi Coin (PIGCV314159$) belonging to the Pi network, where each car was exchanged for 0.2 Pi.

Based in Yuhua District, Changsha City, Hunan Province, this company conducted these transactions despite China's strict ban on trading, mining, and using cryptocurrencies, citing financial risks, fraud, and capital outflows.📉👌

The legality of this sale is still unclear, as China banned all cryptocurrency-related transactions in 2021. However, cryptocurrency trading, secret and alternative exchange systems still exist. The legitimacy of BYD Auto Service's actions is still unclear, as digital currency transactions are considered illegal under Chinese law.🇨🇳🔥✔️

It seems that the unauthorized Pi Coin currency PIGCV314159$ is a speculative gray market value (GCV) used in community-led transactions. The symbol "314159" refers to Pi (π), a recurring pattern in the Pi Network brand. 🔥👌

According to reports, major companies including Gaoling Group, Sequoia Capital, Hongyuan Construction, Poly Group, and Hunan Pailian Co., Ltd. support the BYD Auto Service. 🔥✔️

The use of Pi Coin to purchase vehicles raises questions about whether these transactions are officially recognized or just unofficial barter deals.🔥👌?

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