- Colombia’s DIAN mandates crypto reporting by 2026 under OECD guidelines.
- Resolution No. 000240 aligns with global crypto transparency standards.
- Impacts crypto assets like Bitcoin, Ethereum, and Dogecoin.
Colombia’s tax authority, DIAN, issued Resolution No. 000240 mandating crypto exchanges report user and transaction data for Bitcoin, Ethereum, and other assets, effective from tax year 2026.
Aligning with global standards, the resolution impacts compliance costs and user privacy, influencing how cryptocurrency markets operate for Colombian residents.
Colombia’s DIAN has introduced Resolution No. 000240, requiring crypto platforms to report users’ data. This aligns with the OECD Crypto-Asset Reporting Framework, mandating compliance from 2026. The measure affects crypto assets like Bitcoin and Ethereum.
The resolution involves crypto exchanges and service providers operating in Colombia. They must start reporting to meet international tax transparency standards. This impacts both domestic and foreign entities serving Colombian residents.
The new resolution may significantly impact Colombian citizens and crypto businesses by reducing the privacy of transactions. Exchanges are now required to provide detailed user and transaction data to authorities.
This regulatory shift could see increased compliance costs for exchange platforms, with potential sanctions for non-compliance. Providers face fines ranging from 0.5% to 1% if they fail to meet reporting requirements.
No presentar esta información, una presentación incompleta, con errores o por fuera de los plazos establecidos dará lugar a las sanciones previstas en el artÃculo 651 del Estatuto Tributario, que pueden llegar entre el 0,5 por ciento y el 1 por ciento de la información.
— Andrés DÃaz, Partner, Holland & Knight (Tax)
Legal experts underline the possible increase in administrative duties as platforms adapt to regulatory demands. This represents a major compliance adjustment for the crypto industry in Colombia.
Experts predict enhanced government oversight of digital asset flows as a likely outcome. The initiative aligns with similar OECD member efforts, strengthening global crypto tax regimes and reducing transaction anonymity.
