Colombia Introduces Strict Reporting Requirements for Crypto Exchanges and Services

Key points:

• Colombia has required crypto exchanges and platforms to disclose detailed user and transaction data to strengthen tax enforcement.
• The new requirements will apply starting in 2026, with violations subject to fines of up to 1% of the transaction amount.

Colombia's National Tax and Customs Directorate (DIAN) has introduced a new requirement for local crypto services to regularly submit expanded data about their activities and clients to the government. The goal of the initiative is to make the digital asset market more transparent and reduce opportunities for tax evasion.

This refers to Resolution No. 000240, adopted on December 24, 2025. The document applies to crypto exchanges, brokers, and other platforms that work with BTC, ETH, stablecoins, and other digital currencies. Such companies are required to collect detailed information about users and all transactions.

What crypto platforms must disclose

The reporting will include information about account holders, transaction amounts and numbers, the market value of assets, and the final account balance. These requirements apply not only to Colombian companies but also to foreign services if they serve residents or taxpayers of Colombia. The requirements are consistent with the OECD's international reporting standards for crypto assets.

Although the document came into effect immediately after its publication, the actual reporting period begins with the 2026 tax year. Companies will be required to submit the first full report for the entire 2026 no later than the last business day of May 2027.

Previously, private investors in Colombia were already required to report cryptocurrency and its income in their personal tax returns. However, the platforms themselves did not directly transmit the information to tax authorities. Now, DIAN will be able to conduct cross-checks and further integrate crypto assets into the country's tax system.

Penalties are provided for violating the new requirements. Failure to submit a report or providing incorrect information may result in a fine of up to 1% of the volume of undeclared transactions.