Colombia Introduces New Reporting Rules for Crypto Providers

Colombia has announced a new mandatory reporting system for crypto service providers operating in the country.

The new rules are designed to increase transparency, reduce tax evasion, and ensure that crypto activities are properly included in the national tax system.

Colombia Requires Crypto Platforms to Report User and Transaction Data

Colombia’s National Directorate of Taxes and Customs (DIAN) has introduced a new reporting rule for crypto businesses. 

The rule requires both local and foreign crypto service providers that serve Colombian residents or taxpayers to collect and submit data to the tax authority. This includes exchanges, brokers, intermediaries, and other platforms that handle Bitcoin (BTC), Ethereum (ETH), stablecoins, and other digital assets. 

Under the regulation, crypto service providers must report clear and organized information about users and transactions. This includes details about who owns the accounts and the total value of transactions. It also covers the number of crypto units moved, their market value at the time of each transaction, and users’ net balances. 

This information will help tax authorities to clearly track crypto activity and identify differences between reported income and actual holdings.

Colombia Adopts Global Crypto Reporting Standards

The new reporting rules follow the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework. 

By using this global standard, Colombia shows its commitment to working with other countries to improve tax transparency in crypto. It also aims to reduce the use of digital assets to hide income or wealth. 

Although the resolution came into effect in late 2025, reporting obligations start with the 2026 tax year. Crypto service providers must submit their first full annual report, covering all activity in 2026, by the last business day of May 2027. 

Before this change, individual crypto users in Colombia already had to report their crypto holdings and gains in their personal tax returns. 

However, tax authorities did not have independent data to confirm these reports. Therefore, this new reporting system now closes that gap by allowing direct checks.

Colombia Sees Strong Crypto Adoption Despite Regulatory Limits

Colombia continues to take a careful approach to crypto regulation. Digital assets are not legal tender, and the government does not treat them as official money.

People are free to use crypto, but banks and financial institutions face limits when dealing with crypto activities. Past efforts to pass full crypto laws have failed, leaving much of the sector without clear rules. Despite this, the government has chosen targeted oversight rather than broad legalization. 

Even with regulatory caution, Colombia stands out as a major crypto market. The country ranks 29th globally in crypto adoption and holds the position of the 5th-largest digital asset market in Latin America.

Between July 2024 and June 2025, Colombia recorded digital asset transactions worth $44.2 billion. More than 5 million citizens now own crypto, showing strong public interest and active usage across the country.