Colombia Enforces New Data Reporting Rules for Virtual Asset Providers
- The National Directorate of Taxes and Customs (DIAN) in Colombia has issued a new resolution targeting virtual assets service providers (VASPs).
- Starting in 2026, VASPs will be required to become informants to help prevent tax evasion.
- The initiative aims to streamline processes related to the use of crypto assets in financial transactions.
Colombia’s DIAN is taking steps to enhance oversight of virtual asset activities by mandating that VASPs report data starting in the year specified. This move is part of a broader effort to combat tax evasion linked to crypto assets.
By requiring VASPs to act as informants from the year indicated, Colombia aims to improve transparency and regulatory compliance within its financial ecosystem. (Source)
