Current Pi Token Price on OKX Exchange
As of May 12, 2025, the Pi Network token (PI) is trading between $0.7273 and $1.18 on OKX exchange (equivalent to 18,880 VND to 30,550 VND). This represents a significant recovery from its historical low of $0.40 just one month prior.
Market Performance Highlights:
- 85% weekly increase following a 20% single-day surge
- First breach of $1 resistance level in nearly two months
- Current volatility reflects anticipation of key announcements
The price surge appears driven by:
- Expectations surrounding Pi Network founder Nicolas Kokkalis' upcoming speech at Consensus 2025 (Toronto, May 14-16)
- Unverified rumors about potential Binance listing
- Market speculation ahead of anticipated May 14 announcements
Is Paying Salaries in Pi Token Legal?
Vietnamese Labor Code Stipulations
Under Article 90 of Vietnam's 2019 Labor Code:
"Wages must be paid in Vietnamese Dong for domestic workers. Foreign employees may receive payment in foreign currency if specified in labor contracts."
Key provisions:
- Salary payments require explicit contractual agreements
- Only VND or foreign currencies constitute legal payment methods
- Cryptocurrencies are not recognized as valid payment instruments
State Bank of Vietnam Position
The 2017 Official Letter 5747/NHNN-PC explicitly prohibits:
- Using virtual currencies as payment instruments
- Compensating employees with cryptocurrencies
- Treating digital assets as legal tender
Conclusion: Paying salaries in Pi tokens violates Vietnamese payment regulations and labor laws. Employers must use approved fiat currencies for all compensation agreements.
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## FAQ Section
**Q: What's driving PI token's price surge?**
A: Market speculation ahead of key events, potential exchange listings, and founder appearances at major conferences appear to be primary catalysts.
**Q: Can businesses legally pay employees in PI tokens?**
A: No. Vietnamese law specifically prohibits cryptocurrency payments for salaries or any form of labor compensation.
**Q: Where can I track PI token's real-time price?**
👉 [Check current PI token pricing](https://www.okx.com/join/BLOCKSTAR)
**Q: What constitutes legal salary payment in Vietnam?**
A: Only Vietnamese Dong (for domestic workers) or pre-contracted foreign currencies (for expatriates) meet legal requirements.
**Q: How volatile is PI token compared to other cryptocurrencies?**
A: Recent 85% weekly swings demonstrate extreme volatility, though this may stabilize as the project matures.
**Q: Are there any exceptions for crypto salary payments?**