Colombia Tightens Grip on Crypto Transactions with New Tax Regulations

Mandatory Data Reporting for Crypto Transactions

Colombia’s National Directorate of Taxes and Customs (DIAN) has introduced new obligations through Decision No. 000240, published on December 24, 2025. Under this decision, cryptocurrency exchanges, intermediaries, and platforms dealing with Bitcoin, Ethereum, stablecoins, and other cryptocurrencies are required to regularly submit detailed information about their users and transactions to DIAN.

The information requested includes account holder identification, transaction volumes, the amount of assets transferred, market values, and net balances at the period-end. The reporting obligation isn’t limited to companies based in Colombia; it also includes foreign platforms providing services to residents or taxpayers in the country. This move aligns crypto activities with the traditional financial transaction oversight framework.

Although the decision was enacted in the last days of 2025, the actual reporting process will commence with the 2026 tax year. The first collective report covering all transactions for 2026 must be submitted by the last business day of May 2027.

Tax Compliance, International Standards, and Potential Sanctions

The new regulation was prepared in alignment with the Organization for Economic Co-operation and Development (OECD) Crypto Asset Reporting Framework. Previously, Colombian individuals were required to declare their crypto assets and earnings, but there wasn’t a mandatory reporting mechanism for third parties. The current system aims to ease the detection of undeclared earnings by allowing cross-verification of reported data.

Penalties for non-compliance have also been clarified. Submitting incomplete, incorrect, or missing reports can result in monetary fines of up to 1% of the unreported transaction amount. This approach introduces a potential rise in operational and compliance costs for companies active in the cryptocurrency market.

The timing of these regulations is notable, given Colombia’s significant presence in the regional cryptocurrency market. According to blockchain analysis company Chainalysis, between July 2024 and June 2025, Colombia produced a transaction volume of $44.2 billion, ranking as the fifth-largest crypto market in Latin America. The same report highlights Colombia’s rapid growth in acquired cryptocurrency value, second only to Brazil.