Bitcoin Transactions: Colombia Mandates Data Disclosure

Colombia Implements Mandatory Crypto Transaction Reporting

• Colombia’s tax authority, DIAN, mandates crypto service providers to report transaction data under Resolution 000240.
• The regulation aligns with the OECD’s Crypto-Asset Reporting Framework (CARF) to enhance tax transparency.
• Service providers must report detailed information on users and transactions, including account ownership and transaction volumes.
• The policy applies to widely used crypto assets like Bitcoin, Ethereum, and stablecoins, excluding central bank digital currencies.
• Crypto transfers exceeding $50,000 are classified as automatically reportable retail transactions.
• Non-compliance can result in fines ranging from 0.5% to 1% of the transaction value.

Colombia has integrated digital assets into its tax regime by requiring crypto service providers to report transaction data starting in the 2026 tax year. The policy aims to improve fiscal transparency and aligns with international standards set by the OECD.