Colombia has introduced a new regulatory framework that obliges cryptocurrency service providers to report detailed user and transaction data to the national tax authority. The measure forms part of a broader effort to align the country’s digital asset market with international transparency standards and to strengthen tax oversight.
The National Directorate of Taxes and Customs (DIAN) established the requirement through Resolution 000240, which it issued on Dec. 24, 2025. The regulation applies to exchanges, intermediaries, and platforms that handle bitcoin, ether, stablecoins, and other cryptocurrencies. Local outlet CriptoNoticias first reported on the resolution, which took effect immediately.
Although the resolution entered into force at the end of 2025, formal reporting obligations begin with the 2026 tax year. The first comprehensive filing, which must cover all activity during 2026, is due by the last business day of May 2027, according to the published timeline.
What information crypto firms must report
Under Resolution 000240, crypto asset service providers must collect and submit extensive information about their users and their transactions. The reported data include account ownership details, transaction volumes, the number of units transferred, the market value of each transaction, and net account balances.
The scope of the regulation covers both domestic platforms and foreign providers that offer services to Colombian residents or taxpayers. This requirement places offshore exchanges that serve Colombian users under the same reporting obligations as locally registered firms.
The framework follows the Crypto-Asset Reporting Framework developed by the Organisation for Economic Co-operation and Development (OECD). By adopting this standard, Colombia joins a growing group of jurisdictions that seek to apply uniform rules to digital asset reporting and cross-border tax cooperation.
A shift from self-reporting to third-party verification
Before the introduction of Resolution 000240, individual crypto users in Colombia already had a legal duty to declare digital asset holdings and gains in their personal tax returns. These declarations covered net worth and occasional gains, but the system relied entirely on self-reporting.
The new measure introduces third-party reporting for the first time. According to CriptoNoticias, DIAN can now cross-check taxpayer declarations against data received directly from exchanges and intermediaries. This change allows the tax authority to integrate crypto assets more fully into the national tax system and to identify inconsistencies with greater accuracy.
The resolution also expands oversight to retail payments and transfers. DIAN will receive automated data files that include tax residence information and net balances, even when users remain below high transaction thresholds. The authority will process this information electronically through standardized XML submissions.
First observation period begins in 2026
Although the regulation became law in December 2025, 2026 represents the first full observation period under the new regime. All transactions carried out during that year will form part of the initial reporting cycle.
May 2027 marks the deadline for platforms to submit the first mass report to DIAN. This filing will provide the tax authority with a full overview of crypto market activity across Colombia for the entire 2026 calendar year.
Legal experts cited by CriptoNoticias have highlighted the strict nature of the reporting timeline. The structure leaves little margin for error, as compliance now represents a formal legal obligation rather than a voluntary disclosure practice.
Penalties raise stakes for crypto companies
Resolution 000240 introduces financial penalties for non-compliance. Crypto service providers that fail to submit the required data, or that provide inaccurate information, may face fines of up to 1% of the value of unreported transactions, according to the regulation.
The potential size of these penalties places significant pressure on exchanges and intermediaries to maintain accurate records and reporting systems. Law firm Holland & Knight has noted that the framework reflects a broader global trend toward tighter regulatory scrutiny of digital asset operators.
For users, legal advisers recommend clear record-keeping for buy and sell prices, transaction dates, and fund origins. DIAN now has the ability to cross-reference multiple data sources, which increases the importance of consistent and transparent tax declarations.
Colombia’s crypto market draws regulatory attention
Colombia ranks among the most active cryptocurrency markets in Latin America. A Chainalysis report published in October recorded $44.2 billion in crypto transactions between July 2024 and June 2025. This figure placed Colombia as the fifth-largest market in the region by transaction volume.
The same report identified Colombia as the second-fastest growing market in Latin America by crypto value received, with only Brazil ahead. These figures help explain why Colombian authorities have moved to formalize oversight of the sector.
By aligning with the OECD framework, Colombia has taken a decisive step toward integrating digital assets into its existing tax infrastructure. For investors and users, the change signals a more regulated environment. For the state, it marks the formal entry of crypto wealth into the tax system.
Gunel Ismayilova
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