Colombia tightens crypto tax rules, mandates data reporting

Colombia's National Tax and Customs Directorate (DIAN) has introduced a regulation requiring cryptocurrency service providers to report user and transaction data, according to Cointelegraph. The measure aligns with the OECD's Crypto-Asset Reporting Framework (CARF). Under the new rule, entities such as exchanges and custody providers must collect and submit user identity information and transaction histories. This information may be automatically exchanged with foreign tax authorities.