Colombia

Legal

Cryptoasset / Virtual Asset · Partial · ↻ under consideration

ExchangesVirtual Asset Service Providers

Comprehensive framework Proposed CASP / VASP regime Proposed Licensing Proposed AML / CFT Approved · 2021 Stablecoins Unregulated · Unregulated CBDC Proposed Consumer protection Unregulated Travel rule No Advertising rules No Taxation Taxed

Summary

Colombia has no comprehensive crypto law; trading and holding are legal but unregulated. The Superintendencia Financiera de Colombia (SFC) ran a supervised sandbox ('la arenera') from 2021 to 2023 and prohibits supervised financial entities from holding or intermediating cryptoassets. AML reporting exists via the UIAF (Resolution 314 of 2021), DIAN treats crypto as taxable intangible assets, and the Superintendencia de Sociedades issued Chapter X of its Basic Legal Circular. Several VASP/crypto regulation bills have been debated and failed, so a formal framework remains under consideration.

Timeline

2021: UIAF Resolution 314 imposes VASP reporting; SFC launches 'la arenera' sandbox. 2023: Sandbox concludes without new rules; DIAN Unified Concept 1621 clarifies tax treatment. 2024: New VASP/registration bill debated. Dec 2025: DIAN Resolution 000240 mandates exchange transaction reporting from 2026 tax year.