A mining operation based in China and active in Zambia has secured approval to settle its tax obligations using Chinese yuan instead of local currency. This development signals a notable shift in how resource-extraction countries are handling payment arrangements with major mining operators. For the crypto mining sector, this move carries broader implications—it demonstrates how some jurisdictions are becoming more flexible with alternative payment methods and cross-border settlement options. As mining farms continue to expand into Africa and other emerging markets, the ability to transact in major reserve currencies could reshape operational economics and incentive structures. The Zambia case underscores a trend worth monitoring: how traditional resource economies and digital finance are gradually converging, creating new pathways for international commerce beyond conventional banking channels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
10
Repost
Share
Comment
0/400
NotFinancialAdviser
· 01-07 21:51
Zambia's move, directly settling taxes in RMB? Traditional resource economies are really gradually aligning with digital finance.
View OriginalReply0
MoneyBurnerSociety
· 01-07 21:20
Zambia's move is really paving the way for us negative alpha kings.
View OriginalReply0
Blockchainiac
· 01-07 20:23
Haha, Zambia's move is real, taxing in RMB? Traditional finance can't sit still anymore.
View OriginalReply0
0xInsomnia
· 01-07 06:18
Zambia's move this time is quite impressive, directly settling taxes in RMB... The traditional financial system is being gradually eroded.
View OriginalReply0
GasOptimizer
· 01-04 22:49
Zambia's move is impressive, directly settling taxes in RMB... Traditional finance is going to cry.
View OriginalReply0
MevHunter
· 01-04 22:46
Zambia's move is quite bold, directly settling taxes in RMB... It seems the traditional financial system is being gradually eroded.
View OriginalReply0
LightningLady
· 01-04 22:45
Wow, Zambia is directly paying taxes in RMB this time? This is truly a real overtaking on a bend.
View OriginalReply0
GateUser-a606bf0c
· 01-04 22:39
Zambia's move is brilliant, directly settling taxes in RMB... Is the traditional financial system panicking?
View OriginalReply0
DAOdreamer
· 01-04 22:28
Zambia's move is clever, directly settling taxes in RMB... It feels like a little trick to bypass the US dollar.
View OriginalReply0
MysteryBoxBuster
· 01-04 22:21
Zambia's recent move directly broke the defense—paying taxes in RMB? Is the traditional financial system panicking?
A mining operation based in China and active in Zambia has secured approval to settle its tax obligations using Chinese yuan instead of local currency. This development signals a notable shift in how resource-extraction countries are handling payment arrangements with major mining operators. For the crypto mining sector, this move carries broader implications—it demonstrates how some jurisdictions are becoming more flexible with alternative payment methods and cross-border settlement options. As mining farms continue to expand into Africa and other emerging markets, the ability to transact in major reserve currencies could reshape operational economics and incentive structures. The Zambia case underscores a trend worth monitoring: how traditional resource economies and digital finance are gradually converging, creating new pathways for international commerce beyond conventional banking channels.