Colombia to require crypto exchanges to submit transaction and user data, tightening tax reporting obligations

The Colombian government is tightening tax reporting requirements for virtual asset (cryptocurrency) exchanges.

According to Atlas21 on the 9th (Korea time), Colombia’s National Tax and Customs Directorate (DIAN) announced Bill No. ‘000240’ on Dec. 24 last year and introduced a framework to comprehensively oversee transactions related to virtual assets such as Bitcoin (BTC), Ethereum (ETH) and stablecoins (virtual assets whose value is pegged to fiat currencies).

Under the framework, starting with the 2026 tax year, virtual asset exchanges and brokerage platforms operating in Colombia must submit detailed information to the tax authorities, including customer identity data, transaction amounts, the quantity of virtual assets transferred, market value at the time of the transaction, and balances. The first comprehensive report covering transactions in 2026 must be filed by the end of May 2027.

DIAN said the measure is intended to prevent tax evasion and improve the traceability of virtual asset transactions.

In Colombia, individual virtual asset holders have so far voluntarily reported their assets and income through tax filings, but there had been no mandatory third-party reporting regime for exchanges and other intermediaries. Failure to comply with the reporting requirement or submission of inaccurate information could result in fines of up to 1% of the value of unreported transactions.