Colombia is moving decisively to clamp down on crypto-related tax evasion by rolling out mandatory reporting requirements for digital asset platforms. The new framework signals a tougher regulatory tone, placing transparency and tax compliance at the center of the country’s crypto policy. While Colombia has stopped short of fully legalizing or formally regulating digital assets, the latest step makes it clear that undeclared crypto activity will face greater scrutiny.
What the New Reporting Rules Require
The initiative is being led by Colombia’s National Directorate of Taxes and Customs (DIAN), which will now require crypto exchanges and service providers to gather and submit detailed data on user activity. These obligations cover all major digital assets, including Bitcoin, altcoins, stablecoins, and memecoins.
Platforms must report information such as account ownership details, transaction volumes, asset transfer counts, market prices, and users’ net balances. By collecting this data, tax authorities aim to build a clearer picture of how crypto is being used and ensure that taxable gains are properly reported. The rules were finalized toward the end of 2025, but enforcement will begin with the 2026 tax year. The first full annual report, covering activity throughout 2026, is due by May 2027.
Aligning With Global Crypto Tax Frameworks
Colombia’s reporting regime closely follows the OECD’s Crypto-Asset Reporting Framework (CARF), which is designed to standardize how crypto data is shared between countries. Jurisdictions such as the UK, Singapore, Switzerland, Hong Kong, and the UAE have already introduced or announced similar systems.
By aligning with CARF, Colombia hopes to close gaps that allow users to move crypto activity across borders to avoid taxes. The move also strengthens international cooperation, making it easier for tax authorities to trace digital assets and reduce regulatory arbitrage.
France Expands Controls Beyond Exchanges
Colombia’s action comes as France also tightens its crypto tax net. French lawmakers approved measures in December 2025 that require holders of self-custody wallets, including Ledger and MetaMask, to declare balances exceeding €5,000. The proposal extends oversight beyond centralized exchanges to personal wallets, reflecting concerns about hidden holdings.
France’s push follows a turbulent year marked by data breaches involving taxpayer information, kidnappings linked to crypto investors, and criminal misuse of confidential tax data. These events reinforced the case for stricter monitoring of digital assets.
A Global Shift Toward Full Transparency
Taken together, developments in Colombia, France, and the UAE point to a clear global trend. Governments are moving away from voluntary disclosures toward enforceable digital audit trails that include exchanges, intermediaries, and individual holders.
For crypto users and platforms, the message is increasingly clear. Digital assets are now firmly on the radar of tax authorities, and non-compliance carries real legal and financial risks. As transparency becomes the norm, the era of crypto’s semi-anonymous operation appears to be rapidly fading.
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FAQs
Platforms will need stronger data collection systems, updated compliance teams, and closer coordination with tax authorities. Smaller exchanges may face higher costs or reconsider operating locally.
Yes. Users relying on overseas platforms may still be flagged through international data-sharing arrangements, reducing the effectiveness of moving activity abroad to avoid taxes.
Regulators may expand requirements to cover more intermediaries or refine penalties once initial data is analyzed. The reporting framework also creates groundwork for future, broader crypto regulation.
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