New Colombian president vows to crack down on tax evasion and illegal crypto use
- —New Colombian President Abelardo de la Espriella took office on August 7
- —A program was announced to control crypto assets of tax residents held abroad
- —Authorities will prosecute income from illegal activities using crypto
- —Tax authority DIAN seized contraband worth 30 billion Colombian pesos
Why it matters: Tighter control over crypto assets in Colombia could lead to increased declarations and pressure on illegal schemes in the region.
Source: Livecoins