Colombia's Tax Authority Mandates Cryptocurrency Exchange User Data Reporting

Colombia’s National Directorate of Taxes and Customs (DIAN) has introduced a new mandatory reporting requirement for cryptocurrency service providers. This move aims to increase transparency and combat tax evasion in the digital asset space. Resolution 000240, issued on Dec. 24, 2025, requires exchanges to collect and report user and transaction data, including account ownership and market values.

The new requirement applies to both domestic and foreign providers serving Colombian residents or taxpayers. The reported data will help DIAN cross-check individual declarations and integrate crypto wealth into the tax system.

The first comprehensive report, covering all of 2026, is due by the last business day of May 2027. Non-compliance or submission of inaccurate data may result in fines of up to 1% of the value of unreported transactions.

Why the Move Happened

The move aligns with the OECD’s Crypto-Asset Reporting Framework (CARF), which aims to enhance global tax transparency. By adopting CARF, Colombia is positioning itself to meet international standards and close loopholes that previously allowed tax evasion.

DIAN’s Resolution 000240 requires crypto-asset service providers to perform due diligence on users and report relevant transactions. This includes swaps between crypto assets, transfers, and retail payments over $50,000.

The framework ensures that data is shared with foreign tax authorities automatically. This helps jurisdictions verify that crypto transactions are properly reported and reduces the likelihood of tax evasion.

How Markets Responded

The regulation is expected to have a significant impact on crypto exchanges operating in or serving Colombian residents. Exchanges must update their systems to collect and report user data electronically. This includes account ownership details, transaction volumes, and net balances.

The move also signals growing regulatory interest in the crypto sector in Latin America. Colombia’s tax authority is not alone in implementing these types of measures. Other countries are also adopting similar frameworks to align with international standards.

What Analysts Are Watching

Analysts are watching how compliance will unfold, particularly for smaller exchanges and service providers. The cost of compliance may be high for smaller firms, potentially leading to market consolidation.

The timing of the first major report is also a point of interest. The deadline of May 2027 will provide the first real test of whether the new rules are working as intended. DIAN will need to assess the quality of the data submitted and ensure that the system is effective.

In addition, the broader implications for the global crypto reporting framework are being closely monitored. If successful, other countries may follow suit, further formalizing the sector and integrating digital assets into the global tax system.