The Colombian National Tax and Customs Authority (DIAN) plans to identify taxpayers who use cryptocurrencies, but do not consider it necessary to report this to the authorities, or provide incorrect information.
DIAN said that tightening controls on crypto assets is part of the Colombian government’s policy to combat money laundering and terrorist financing.
The IRS looks forward to cooperating in the fight against crypto-fraud and tax evasion with countries that are members of the Organization for Economic Cooperation and Development (OECD). Especially South Americans are counting on the help of Finland, where one of the largest cryptocurrency exchanges Localbitcoins is based.
The adoption of cryptocurrencies by Colombian society is still low compared to many other countries. At the same time, the country ranks second in Latin America in terms of the number of installed cryptomats.
At the end of last year, it became known that the Gemini cryptocurrency exchange entered into a partnership with the largest bank in Colombia, Bancolombia. The bank’s customers should be able to trade digital assets.
Source: Bits
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