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- Colombia introduces mandatory crypto reporting to increase tax transparency.
- Crypto service providers must submit user transaction details to DIAN.
- New resolution aims to improve crypto wealth integration in taxation.
Colombia’s National Directorate of Taxes and Customs (DIAN) has announced a new mandate requiring crypto service providers to report user and transaction details. Exchanges, intermediaries, and platforms that trade cryptocurrencies, such as bitcoin, ether, and stablecoins, are now required, due to Resolution 000240, which became effective at the end of 2025, to gather and report certain information concerning their users.
The local news media, CriptoNoticias, reported that the needed information comprises details of account ownership, the volume of transfers, transfers of units, market value, and net balances. This action enables Colombia to comply with the OECD’s Crypto-Asset Reporting Framework. The regulation applies to both domestic and foreign providers of the service to Colombian residents or taxpayers.
The resolution took effect in late 2025, although the reporting requirements will take formal effect in the 2026 tax year. Crypto service providers should provide the first comprehensive report, covering the entire year of 2026, by the end of the last business day of May 2027.
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New Era for Colombia’s Crypto Tax Compliance
In the past, Colombian crypto users were required to report their holdings and gains on their personal tax returns. However, there was no requirement for third-party reporting, which restricted the tax authority’s ability to verify the accuracy of personal tax declarations. Due to the introduction of this new measure, DIAN will now be able to cross-verify the information it receives with that received by cryptocurrency platforms, making it easier to integrate digital asset wealth into the country’s tax system.
The reforms are part of Colombia’s ongoing efforts to enhance transparency in the rapidly growing cryptocurrency market. According to a recent report by Chainalysis, Colombia ranks as the fifth-largest country in Latin America in terms of crypto transactions, with a total of $44.2 billion transacted between July 2024 and June 2025. Moreover, the country experienced the second-largest increase in crypto value in the same year, only after Brazil.
Penalties for Non-Compliance
Service providers that do not meet the new regulations or report incorrect data may be fined. Such penalties can amount to 1 percent of unreported transactions, which is why it is imperative that reporting is done correctly and on a timely basis.
The most recent action taken by DIAN indicates that Colombia is committed to having a healthy and transparent financial system, now that cryptocurrency has become mainstream.
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