Recently, Colombia's tax authorities introduced new regulations based on the CARF (Global Crypto Asset Reporting Framework), requiring exchanges to report users' Bitcoin, Ethereum, and stablecoin transaction data. Transactions exceeding $50,000 must be proactively disclosed; otherwise, exchanges will face a fine of 1% of the transaction volume. This move marks a new critical stage in global crypto regulation.

CARF is an international crypto asset tax framework designed by the OECD to achieve transparency in crypto transactions comparable to traditional financial markets. To date, 63 countries have committed to adopting this framework. Colombia's new regulation essentially serves as a localized implementation of CARF, set to officially take effect in 2026, with the first data reporting scheduled for May 2027. According to the regulations, account information, transaction volume, and asset market value data must be fully reported, effectively installing a real-time regulatory tracker on each crypto transaction.

In the past, many traders believed that "on-chain transactions = tax evasion," but reality has rewritten this assumption. Regulators have long since linked user identities and transaction behaviors through key nodes like exchanges. This logic aligns perfectly with the EU's MiCA regulation and the US Travel Rule— the EU has required all crypto transfers to disclose sender and receiver information starting in 2026, and the US has set a compliance reporting threshold at $3,000. Colombia's follow-up indicates that the global trend toward crypto asset compliance has become irreversible.