- SUMMITS
- NEWS & MEDIA
Colombia has moved to significantly strengthen oversight of cryptocurrency activity, as the National Directorate of Taxes and Customs (DIAN) introduces mandatory reporting requirements aligned with the OECD’s Cryptoasset Reporting Framework (CARF).
Under Resolution 000240, published on 24 December 2025, crypto exchanges and service providers will be required to disclose detailed user transaction data to the tax authority starting in 2026. The measures are designed to curb tax evasion and bring crypto activity more firmly within Colombia’s formal tax system.
As reported by Cryptopolitan, law firm Holland & Knight said the resolution was issued in compliance with Law 1661 of 2013 and Colombia’s commitments under the Multilateral Agreement for the Automatic Exchange of Information.
The rules require Cryptoasset Service Providers (PSCAs) to report all crypto transactions exceeding $50,000 carried out in Colombia. Providers must also submit detailed information on the type of crypto assets involved in each transaction, alongside identifying data on reportable users.
The regulation defines who qualifies as a reportable person and outlines specific exclusions, while extending obligations to both legal entities and individuals acting as crypto intermediaries.
According to DIAN, the framework aims to prevent the use of crypto assets for tax evasion by expanding automated monitoring of high-value digital asset activity.
Although Resolution 000240 came into force late last year, DIAN has designated 2026 as the first full observation period. Crypto users are therefore advised that all transactions conducted during the year will be recorded by service providers for submission to the tax authority.
DIAN has set May 2027 as the deadline for platforms to submit their first large-scale crypto transaction reports.
Before the new regulations, Colombian taxpayers had to voluntarily disclose cryptocurrency assets on their income tax returns, either as part of their net worth or as sporadic gains. However, self-reporting was a major component of enforcement.
According to Holland & Knight, the new system increases the cost of compliance for both platforms and consumers by switching reporting from voluntary disclosure to automatic inspection.
While the $50,000 threshold applies to transaction reporting, DIAN will also electronically process information related to users’ tax residences and net crypto balances, excluding commissions. This information may be reported even if users do not exceed the transaction threshold.
Holland & Knight warned that retail users should be particularly aware of automatic alerts triggered by high-value transfers. Failure to report transactions accurately, or providing incomplete information, may result in fines of up to 1 percent of the unreported transaction value.
The firm stressed that the strict implementation timeline leaves little room for error, making transparency a legal obligation rather than a best practice.
Holland & Knight has advised crypto users in Colombia to maintain detailed personal records of crypto purchases and sales, including pricing and transaction histories. The firm noted that DIAN may require this information for cross-referencing purposes, particularly to verify the origin of crypto assets.
According to the lawyers, Colombia is closing the gap between tax enforcement and technological innovation, creating a more regulated environment for investors and a clearer pathway for integrating digital assets into the national tax system.
However, all submitted data must comply with rules governing updates to Colombia’s Single Taxpayer Registry, with regulated entities responsible for correcting and retaining records for a prescribed period.
Holland & Knight also cautioned that on-chain activity will no longer be effectively private for Colombian crypto users. Transactions involving assets such as Bitcoin, Ethereum, and stablecoins will now be shared between service providers and DIAN beginning with the 2026 tax year.
The Crypto Council for Innovation has observed that Colombia is accelerating crypto regulation as part of broader efforts to formalise the sector. The country currently ranks 29th globally in crypto adoption, with more than five million Colombians estimated to own digital assets.
Many users rely on platforms such as Wenia, a centralised crypto service incorporated in Bermuda, highlighting the cross-border nature of the compliance challenge facing regulators and service providers alike.
Meanwhile, Argentina is also considering a major policy shift that would allow domestic banks to trade digital assets and offer crypto-related services. The Central Bank of the Argentine Republic (BCRA) is reviewing its current framework, which prohibits banking institutions from participating in digital asset activities.
Elsewhere, the UK Treasury has prepared new legislation that will regulate cryptocurrency markets in the same way as traditional financial products, with the changes expected to come into force in 2027.
Meanwhile, in Hong Kong, Swiss crypto-focused AMINA Bank AG has become the first international bank to receive approval from the country’s Securities and Futures Commission (SFC) to offer institutional crypto trading and custody services, marking a major milestone in the city’s push to attract global digital-asset firms.
