Colombia’s tax authority, DIAN, mandates reporting for crypto service providers, aligning with OECD standards. Exchanges and intermediaries must collect and submit user and transaction data, effective upon publication of Resolution 000240. Providers failing to comply face penalties. No direct reporting duties for individual users. Compliance updates required before first reporting cycles.

Governments globally tighten tax rules for crypto to strengthen oversight. OECD-backed CARF requires providers to collect and report data to tax authorities. Initial reporting in 2026, automatic exchanges in 2027. 48 jurisdictions already enforce CARF laws, 27 to share information in 2028. US may pass CLARITY Act in 2026.

Indian financial authorities express concerns over crypto transactions hindering tax enforcement. Lawmakers warned of risks tied to crypto activity. Some countries proceed with clearer crypto tax rules, while others remain cautious. OECD develops policy standards on taxation, economic cooperation, and financial transparency.

Read more at Cointelegraph: Colombia Introduces Mandatory Crypto Reporting Rules for Exchanges