Colombia has unveiled new cryptocurrency reporting requirements under Resolution 000240, marking a significant shift in the regulatory landscape for digital assets within the country. This initiative, led by Colombia’s National Directorate of Taxes and Customs (DIAN), aims to enhance transparency and align with global standards for cryptocurrency compliance.
Key Highlights of Resolution 000240
The new regulation, which takes effect on December 24, 2025, requires cryptocurrency service providers to report detailed user and transaction data. This includes:
- Account ownership details
- Transaction volumes and transfer quantities
- Market values and net balances
This reporting obligation applies to exchanges, intermediaries, and other platforms dealing with cryptocurrencies, including Bitcoin, Ethereum, and stablecoins.
Impact on Crypto Service Providers
Under the resolution, both local and foreign entities that facilitate cryptocurrency transactions must comply. Service providers will need to report transactions surpassing certain financial thresholds.
Failure to comply with these regulations can result in fines of up to 1% of the value of unreported transactions. The first comprehensive report is due by May 2027 and will cover transactions made during the 2026 fiscal year.
Why This Matters for Cryptocurrency Users
While cryptocurrency users in Colombia were previously required to declare their holdings and gains, the inclusion of third-party reporting increases scrutiny. This ensures that cryptocurrency wealth is integrated into Colombia’s formal tax system, providing authorities with accurate data for enforcing compliance and tracking tax evasion.
Alignment with Global Regulatory Standards
Colombia’s new regulations align with the Organization for Economic Cooperation and Development’s (OECD) Crypto-Asset Reporting Framework as well as standards established by the Financial Action Task Force (FATF). As the fifth-largest market for crypto transactions in Latin America, these measures aim to establish trustworthiness and accountability within Colombia’s growing cryptocurrency space.
Take the Next Step to Protect Your Crypto Assets
To navigate these new requirements, cryptocurrency users and providers are encouraged to adopt tools to monitor and report transactions seamlessly. Consider leveraging Ledger Live, a trusted cryptocurrency management app that helps you securely track transactions across your assets.
As cryptocurrency becomes increasingly integrated into global markets, adhering to such regulations not only prevents potential penalties but also promotes long-term sustainability and growth within the digital asset industry.
