Hello @ToddL99 , the source you posted is different from what you are saying. You are saying that FBAR is required for cryptocurrency. However, in the article you linked, it says: under the current FinCEN guidance, cryptocurrency users are not required to comply with FBAR requirements and disclose their overseas crypto asset holdings.
Looking into notice FinCEN Notice 2020-2 (that is described in that article), it says:
For that reason, at this time, a foreign account holding virtual currency is not reportable on the FBAR (unless it is a reportable account under 31 C.F.R. 1010.350 because it holds reportable assets besides virtual currency).
Looking into case you posted - United States v. Hom , it's actually not related to this topic. At least I didn't see that case mentioned "cryptocurrency" anywhere.
Can you please explain this?
