Colombia Introduces Mandatory Reporting for Cryptocurrency Service Providers

TLDR

• Colombia’s DIAN requires crypto service providers to report detailed user and transaction data under Resolution 000240.
• Crypto exchanges and intermediaries must disclose account ownership, transaction volumes, transfer amounts, and market values.
• The new regulation aligns with the OECD’s Crypto-Asset Reporting Framework and applies to both local and foreign entities.
• Cryptocurrency service providers must report transactions that exceed specific value thresholds, ensuring compliance with global standards.
• Non-compliance may lead to fines of up to 1% of the value of unreported transactions, strengthening regulatory oversight.

Colombia’s National Directorate of Taxes and Customs (DIAN) has issued a new resolution aimed at increasing transparency in the cryptocurrency sector. Through Resolution 000240, which took effect on December 24, 2025, DIAN has mandated local crypto service providers to report detailed user and transaction data.

Colombia New Reporting Requirements for Cryptocurrency Service Providers

According to Resolution 000240, cryptocurrency exchanges, intermediaries, and platforms dealing with bitcoin, ether, and stablecoins must now report detailed data to DIAN. The required information includes account ownership details, transaction volumes, transfer quantities, market values, and net balances.

This new obligation ensures that DIAN can cross-check taxpayer declarations and track digital assets more accurately, integrating crypto wealth into the formal tax system. The resolution defines the entities subject to reporting as those facilitating or providing intermediary services for cryptocurrency transactions.

These service providers must monitor significant transactions and report those that exceed specific thresholds. These measures aim to align Colombia’s regulations with international standards set by bodies like the Financial Action Task Force (FATF).

Impact on Crypto Users and Service Providers

Although individual crypto users in Colombia have long been required to declare their holdings and gains, the new regulations introduce third-party reporting. Cryptocurrency service providers must now report all relevant transactions, allowing tax authorities to better track and enforce compliance.

The first comprehensive report, covering transactions for the 2026 tax year, will be due by the last business day of May 2027. Non-compliance or submission of inaccurate data may result in fines of up to 1% of the value of unreported transactions.

DIAN’s new reporting framework marks a step in the country’s efforts to combat tax evasion in the growing digital asset market. With Colombia becoming the fifth-largest Latin American country in terms of crypto transaction volume, these measures aim to enhance transparency and regulatory oversight.