Colombia sharpens crypto regulations amid market growth

Colombia intensifies its crypto-regulations with the development of the market since taxation agencies are shifting towards increasing control over the use of digital resources

ContentsNew reporting duties under DIAN rulesObservation period begins in 2026Industry warns users to prepare recordsThe actions follow the standards of OECD and focus on transparency in crypto transactions. According to the authorities, the regulations will bring crypto activity into the national tax system.

New reporting duties under DIAN rules

The National Directorate of Taxes and Customs in Colombia has implemented an even more rigorous requirement for reporting of crypto activity. The framework adheres to Resolution 000240, as of December 24, 2025. The resolution promotes the obligations of Colombia in the OECD Cryptoasset Reporting Framework.

Per the regulations, the cryptoasset service providers are required to present detailed transaction information. Reporting applies to transactions above 50,000, which are done in Colombia beginning in 2026. Information about the types of assets used in individual transactions should also be provided by the providers.

The regulation specifies the list of reportable persons and specifies certain exceptions to this list. According to the authorities, the goal is to cut the risk of tax evasion associated with digital assets. Both the companies and the individuals who serve as middlemen come under the umbrella.

The resolution is vindicated by the Law firm Holland and Knight, which confirmed that it is in accordance with the Law 1661 of 2013. The company claimed that the framework allows for to exchange of crypto information between jurisdictions automatically. That makes Colombia one of the countries that implements the cryptocurrency transparency guidelines proposed by the OECD.

Observation period begins in 2026

DIAN agreed that 2026 will become the first full year of observation. Though the resolution became effective at the end of 2025, it is being monitored this year. All the transactions of the users should be captured in crypto platforms to be submitted later.

Service providers will present the first large-scale report in May 2027. There were already prior regulations that mandated users to report their crypto holdings on tax filings. Such disclosures were at periodic gains or net worth positions.

But compliance was dependent more on voluntary reporting. The new system eliminates such latitude by automated sharing of data. DIAN will also gather facts on tax residence and net balances.

The reporting is relevant even in situations where transactions do not exceed the $50,000 mark. Net balances will not include commissions by platforms. The non-compliance can be followed by the imposition of fines up to a percentage of the non-reported value (one percent).

Industry warns users to prepare records

According to Holland and Knight, the timeline of reporting has no gray areas. The company observed transparency as a mandatory legal responsibility. It also encouraged crypto users to keep a record of their transactions in order.

Lawyers suggest that the prices of buying and selling digital assets should be tracked. DIAN might demand such data to check up on them. Users will also be required to provide the presence of their crypto holdings.

The company stated that any data that will be submitted should comply with Single Taxpayer Registry requirements. Organizations need to update, amend, and keep documentation within the stipulated durations. Reporting parties are left in charge of the accuracy of the data.

This is because the new regime implies that on-chain activity will no longer be a secret. The transfer of information concerning Bitcoin, Ethereum, and stablecoin will be provided to tax authorities beginning in the 2026 tax year.

Colombia is progressive in developing crypto regulation as it is adopted. The nation is ranked as the 29th in the world with more than five million crypto owners. Regulators are considering the regulations as a move to formalize an emerging digital economy.