Crypto Tax: Colombia Rolls Out New Reporting Rules to Curb Digital Asset Evasion

Colombia has joined the list of global countries tightening their grip on crypto tax enforcement. As a part of its broader attempt to tackle crypto-related crimes, the authority is launching new reporting rules.

Under the new legislation, crypto exchanges and platforms are required to share user details with regulators. This brings transparency and clarity to the digital asset industry, ensuring compliance with crypto tax rules.

Colombia Moves to Close Crypto Tax Loopholes

Local sources reveal that the National Directorate of Taxes and Customs of Colombia (DIAN) has established a new crypto tax structure. This new taxation rule is part of the broader strategy of the country to regulate the use of digital assets, with a particular emphasis on tax evasion risks.

This move clearly signals Colombia’s inclination towards the OECD’s Crypto-Asset Reporting Framework, which has already been embraced by many countries. The UK, Singapore, Switzerland, Hong Kong, and the United Arab Emirates have already taken the initiative to curb taxation threats. The UK implemented crypto tax rules on January 1, 2026, as reported by CoinGape.

Reportedly, the new law mandates crypto platforms to gather and submit user and transaction details to the authority. Platforms linked to Bitcoin, altcoins, stablecoins, or memecoins are required to provide clear data on account ownership, transaction volume, number of transferred assets, market price, and net balances.

It is worth noting that Colombia’s crypto tax rules took effect in late 2025. But reporting obligations will start with the 2026 tax year. The report also stated that the initial comprehensive filing that encompasses all of 2026 is due by May 2027, which marks the final business day.

Unveiling Colombia’s Approach to Crypto

Interestingly, Colombia has taken a cautious and restrictive approach to crypto. The digital asset industry of Colombia remains largely unregulated. Although policymakers proposed crypto laws multiple times, they failed to gain approval.

While crypto is not considered a legal tender or a legitimate currency in the country, people are free to use it. However, financial institutions and banks have limitations on crypto-linked activities.

Despite these restrictions, Colombia remains a major power in crypto adoption and usage. In crypto adoption, it is ranked 29th globally. At the same time, Colombia is considered the fifth-largest Latin American country in digital asset adoption. The nation has recorded a staggering $44.2 billion transaction volume last financial year, between July 2024 to June 2025. As per records, above 5 million citizens own crypto.