Situation is next:
My wife and I are filing a joint tax return for 2021.
1. I held cryptocurrency on foreign exchange - $250,000. This account is individually owned by me.
2. My wife has foreign bank account - $2,000. This account is individually owned by her ( my spouse ).
We don't have any joint accounts.
We filed form 8938 and reported both - Crypto on foreign exchange and her bank account.
Next, I filled out FBAR and reported only my crypto account with a max value of $250,000.
Is my spouse required to file FBAR on her own? It seems like no because she owns only foreign bank with $2k and doesn't have any interest or ownership in my foreign crypto exchange. Is this correct?
