Does FATCA (Form 8938) apply to cryptocurrency held on foreign exchanges through my LLC?
I've read about FATCA reporting requirements for foreign financial assets. My foreign-owned LLC has accounts on Binance International and KuCoin (both foreign exchanges). The total crypto value fluctuates between $60,000 and $100,000.
Does my LLC need to file Form 8938? I'm confused because FATCA seems to apply to U.S. persons holding foreign financial assets, and I'm not sure if a foreign-owned disregarded entity counts. Also, does crypto even qualify as a "specified foreign financial asset"?
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