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Colombian Tax Authority Warns About Consequences of Not Declaring Crypto Related Taxes

Colombian Tax Authority Warns About Consequences of Not Declaring Crypto Related TaxesThe Colombian tax authority, DIAN, has reminded taxpayers that they need to start registering cryptocurrencies in their statements starting this year. The director of the DIAN, Lisandro Junco, reminded cryptocurrency users that this kind of asset is taxed as any other asset held by citizens. Colombia has already collected $1 billion in digital economy-related taxes. […]

Bitfarms: Rebound Overdue or Losing the Game?

Crypto Users and Exchanges Must Now Report Transactions in Colombia

Crypto Users and Exchanges Must Now Report Transactions in ColombiaThe Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to issue periodic reports of suspicious transactions made by users. Colombia Tightens AML Controls New […]

Bitfarms: Rebound Overdue or Losing the Game?

Colombian Tax Authority Tightens Control Over Cryptocurrency Usage

Colombian Tax Authority Tightens Control Over Cryptocurrency UsageThe DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax […]

Bitfarms: Rebound Overdue or Losing the Game?