Colombia's National Directorate of Taxes and Customs (DIAN) has enacted stringent new regulatory requirements for cryptocurrency users and service providers, marking a significant shift towards comprehensive surveillance of digital asset transactions. The move is implemented through Resolution 000240, issued on December 24, 2025, which mandates that Cryptoasset Service Providers (PSCA) disclose detailed user transaction information to the tax authority.
The regulation, developed in compliance with Law 1661 of 2013 and the OECD's Multilateral Agreement for the Automatic Exchange of Information under the Cryptoasset Reporting Framework (CARF), requires exchanges and intermediaries to report all crypto transactions exceeding $50,000 in value. This applies to transactions involving assets like Bitcoin, Ethereum, and stablecoins. Providers must electronically submit information including account ownership details, transaction volume, number of units transferred, market value, and net balances.
2026 has been designated as the first full observation period under the new rules, with the first major mass report from platforms due by May 2027. The regulation establishes clear definitions for reportable persons and exclusions, with the stated goal of preventing tax evasion through cryptocurrency use.
Law firm Holland & Knight, which analyzed the resolution, emphasized the strict timeline and mandatory nature of the transparency obligations, stating it "leaves no room for doubt." The firm advises Colombian crypto users to maintain meticulous personal records of their buy and sell prices, as DIAN may require this information for cross-referencing. Users must also be prepared to explain the origin of their crypto assets.
Failure to comply or submission of inaccurate information can result in fines of up to 1% of the unreported transaction's total value. Notably, DIAN will also electronically process information about individuals' tax residences and net balances (excluding commissions), even for users who do not reach the $50,000 reporting threshold.
This move represents a formalization of the sector, closing the gap between tax control and technological innovation. Prior to this ruling, individual users were already required to declare crypto assets on income tax returns, but reporting was voluntary. The new requirement is broad, affecting both legal entities and individuals acting as intermediaries.
According to the Crypto Council for Innovation, Colombia is keen on advancing crypto-related regulation to formalize the sector. Data from Chainalysis highlights the market's significance: Colombia was the fifth-largest country in Latin America by total crypto transaction volume, recording $44.2 billion between July 2024 and June 2025, and was the region's second-fastest growing market for crypto value received.
