New rules from Colombia’s tax authority require crypto service providers to collect and share user and transaction data.
Colombia’s tax authority, DIAN, has introduced a mandatory reporting regime for crypto service providers, requiring exchanges and intermediaries to collect and submit user and transaction data as part of its oversight of the digital asset sector.
The rules were set out in Resolution 000240, issued on Dec. 24, which adds a crypto reporting regime aligned with OECD-developed international standards, including the Crypto-Asset Reporting Framework (CARF).
According to the new rules, crypto exchanges, custodians and other service providers must report identifying information and transaction data for “reportable” users, enabling the automatic exchange of that information with foreign tax authorities.
