Colombia Introduces Mandatory Crypto Reporting System
The Colombian tax authority, DIAN, has introduced a mandatory reporting system for crypto service providers, requiring exchanges and intermediaries to collect and report user and transaction data as part of their oversight of the digital assets sector. This move is aligned with international standards developed by the OECD, including the Crypto-Asset Reporting Framework (CARF). 
The rules, set out in Resolution 000240 of December 24, require crypto exchanges, custodians, and other service providers to report identifying information and transaction data for “reportable” users to enable automatic exchange of this information with foreign tax authorities. The resolution also establishes due diligence and valuation requirements, including market-based valuation methodologies, and establishes penalties for providers who fail to comply.
Countries Strengthen Crypto Tax Reporting
Countries around the world are tightening tax regulations to close reporting gaps and strengthen oversight of digital asset activity. A key change is the introduction of CARF, an OECD-backed global standard that requires crypto service providers to collect and automatically report user and transaction data to tax authorities. The first notification is expected in 2026 and the first automatic exchange of information in 2027.
In a November update, the OECD said 48 jurisdictions have already enacted or are close to enforcing laws requiring the collection of CARF-related data, while another 27 jurisdictions are expected to begin sharing information in 2028. The Organization for Economic Co-operation and Development (OECD) is an international organization that develops policy standards for taxation, economic cooperation, and financial transparency.
Global Crypto Tax Regulations Take Shape
In the United States, lawmakers in 2026 could pass the CLARITY Act, a comprehensive regulatory framework designed to determine how digital assets are classified, taxed, and issued. While many countries are moving forward with clearer crypto tax rules, others remain more cautious. On Thursday, India’s tax authorities reiterated concerns that cryptocurrency transactions could hamper tax enforcement, warning lawmakers about risks associated with crypto activities during a parliamentary finance committee meeting.
Brazilians may soon have to increase taxes on cryptocurrencies held abroad. The decision by Colombia’s tax authority is part of a global trend to strengthen crypto tax reporting. The reporting obligations are aimed at service providers and do not impose any direct reporting obligations on individual users. The decision comes into force upon publication and requires the affected platforms to update their compliance and reporting systems before the first reporting cycles.
For more information on Colombia’s crypto tax rules and global reporting standards, visit https://cointelegraph.com/news/colombia-advances-crypto-tax-rules-global-reporting-standards-take-shape?utm_source=rss_feed&utm_medium=rss_tag_regulation&utm_campaign=rss_partner_inbound
