Colombia officially announces new crypto tax regulations, mandating trading platforms to report user data

Colombia’s cryptocurrency regulation is clearly tightening. According to local media CriptoNoticias, the Colombian National Tax and Customs Directorate (DIAN) has officially issued Resolution No. 000240, requiring all crypto-related platforms providing services to Colombian residents or taxpayers to collect and submit user and transaction data. This move is seen as a significant milestone in the systematization and comprehensiveness of Colombia’s crypto tax regulation.

According to the resolution, the regulated entities include trading platforms, intermediaries, and related service providers handling cryptocurrencies such as Bitcoin, Ethereum, stablecoins, and other digital assets. Whether the platform is located inside or outside Colombia, as long as its services involve Colombian tax residents, it must fulfill reporting obligations. The information to be reported includes core data such as account ownership, transaction amounts, transfer frequency, end-of-period market value, and net asset balances, significantly enhancing the tax authorities’ ability to visualize the flow of crypto assets.

DIAN stated that the new regulation aligns with the crypto asset reporting framework proposed by the OECD, aiming to improve transparency in the digital asset sector and prevent tax evasion or concealment of wealth through cryptocurrencies. Although the resolution officially took effect at the end of 2025, specific reporting obligations will be implemented starting from the 2026 tax year. The first comprehensive report covering the entire year’s data must be submitted by the last working day of May 2027.

Previously, Colombian individual users were required to disclose their crypto holdings and related earnings in their annual income tax returns, but tax authorities lacked third-party cross-verification channels. With the new regulation, DIAN will be able to verify individual declarations, and crypto assets will be more systematically integrated into the national tax system. For institutions that fail to report or submit inaccurate information, regulators may impose fines of up to 1% of the unreported transaction volume.

On the market level, Colombia holds an important position in Latin America’s crypto ecosystem. According to Chainalysis data, the country’s crypto transaction volume reached $44.2 billion between 2024 and 2025, ranking among the region’s top in activity. This regulatory upgrade is seen as another key step in Latin American countries’ path toward crypto compliance and may have a profound impact on local crypto users and platform operations.