Do I need to file FBAR for crypto held on foreign exchanges through my U.S. LLC?
My Wyoming LLC holds Bitcoin on Binance (the international version, not Binance US) and some ETH on a smaller exchange based in Hong Kong. Combined, the accounts had a peak balance of about $15,000 this year.
I know FBAR requires reporting foreign financial accounts over $10,000. But does crypto on a foreign exchange count as a "foreign financial account"? The rules seem designed for bank accounts, not crypto exchanges. I don't want to miss a filing requirement, but I also don't want to file unnecessarily.
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