Colombia and France are strengthening cryptocurrency tax enforcement through new mandatory reporting laws. Colombia's tax authorities now require exchanges to collect and submit detailed user data, including trading volume and net balances, with non-compliance potentially facing fines of up to 1% of the undeclared amount. France has expanded its regulatory scope to require individuals holding more than €5000 in custodial wallets to report, thereby extending regulation beyond centralized platforms. These measures aim to track cryptocurrency ownership, curb tax evasion, and align with global transparency efforts.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)