Colombia comes with new regulations “to put the Bitcoin industry in the waist”

New measures to regulate the Bitcoin (BTC) ecosystem and other cryptocurrencies will be applied soon in Colombia, according to the director in charge of the National Tax and Customs Directorate (Dian), Luis Eduardo Llinás.

Speaking to local media, Llinás clarified that It’s not about creating more taxesbut to use the existing mechanisms more efficiently. Hence, the application of a regulatory framework that requires paying taxes for those who are not obliged to do so, including the cryptocurrency ecosystem and online bets, is contemplated.

The objective is that sectors that today “pay little or nothing” contribute proportionally to their economic activity. This includes areas already identified by data analysis, “which have been underestimated by the tax system for years,” says the official.

We are talking about virtual wallets, exchanges and service suppliers with cryptocurrencies (…) In short, all that digital world that currently does not have a regulatory framework. Tax reforms are being considered to correct errors in the current statute.

Luis Eduardo Llinás

He adds that in order to address this issue, they have been meeting with the Financial Superintendence and with the Ministry of Finance. They seek to evaluate joint mechanisms to address this topic.

“The idea is that we can address it, and that we can put them in the waist,” said Llinás, adding that the Dian observes many millionaire movements with cryptocurrencies that are not sufficiently regulated in the country. This, due to The absence of legislation Approved by Congress, after several failed attempts to promulgate a law.

Add that the norms may emanate by decreesalthough it will not be the only strategy that will work during the second half of this year with the purpose of increasing collection figures.

The statements of the director in charge of the DIAN are made in a context where the Comptroller General of the Republic has been questioning the work of the body, including the supervision processes of the cryptocurrency sector.

“We have scheduled visits to the DIAN and we have found difficulties and shortcomings,” said Comptroller Carlos Hernán Rodríguez Becerra at the bank convention held this week in Colombia. There he warned that they currently do A tracking to financial movements through cryptocurrencies.

Rodríguez Becerra claims to have made multiple calls for attention to the work of the DIAN before the Congress of the Republic and, in writing, to the National Government, but they would not have had answers.

The controversy has led DIAN to intensify the follow -up to the economic movements of taxpayers, including Bitcoin operations. Banks, Notaries, Chambers of Commerce and Companies report to the DIAN the financial movements of natural and legal persons, including transactions with cryptoactive.

As Cryptonoticia has reported, Colombia has demanded to declare cryptocurrencies for four years. A practice through which many data are collected, which are now wanted to consolidate by strengthening external information systems.