Colombia Introduces Mandatory Crypto Reporting Rules for Exchanges

Colombia's tax authority, DIAN, has established a mandatory reporting regime for crypto service providers through Resolution 000240, requiring exchanges and intermediaries to collect and submit user and transaction data. This new framework aligns with international standards developed by the OECD, specifically the Crypto-Asset Reporting Framework (CARF). The rules mandate that service providers collect identifying information and transaction data for "reportable" users, facilitating the automatic exchange of this information with foreign tax authorities. The resolution also details due diligence and valuation requirements, including fair-market valuation methods, and specifies penalties for non-compliance. These obligations fall on the service providers, not individual users. This move reflects a global trend where governments are tightening tax rules to close reporting gaps as digital assets become more mainstream, mirroring the OECD's CARF rollout, which expects initial reporting in 2026.

(Source：Cointelegraph)