Does crypto require an FBAR?
Why the answer depends on custody, the foreign institution, and current FinCEN guidance rather than the word cryptocurrency alone.
An FBAR analysis depends on whether the digital asset is held in a reportable foreign financial account under the applicable FinCEN rules. A custodial account at a foreign platform and a self-custodied wallet are different fact patterns. Preserve platform agreements, account location, maximum values, and transaction records, then apply the filing-year guidance.