Colombia advances crypto tax rules as global reporting standards take shape

Colombia is moving forward with new tax regulations for cryptocurrencies, aligning with global reporting standards being developed by the OECD. The Colombian government aims to enhance transparency and compliance in the crypto sector, requiring individuals and businesses to report their digital asset holdings. This initiative is part of a broader effort to regulate the cryptocurrency market and ensure proper taxation. The proposed rules are expected to be implemented in the coming months, reflecting a growing trend among countries to establish clear frameworks for crypto taxation.

Read the full article: Coin Telegraph