If you are a U.S. Citizen and have the crypto in an out of country "account", then yes, you to file the form 8938.
Furthermore, if you meet the criteria, you must also file some FinCen documents
Filing Form 8938 does not relieve you of the requirement to file FinCEN
Form 114, Report of Foreign Bank and Financial Accounts (FBAR), if you
are otherwise required to file the FBAR. See FinCEN Form 114 and its
instructions for FBAR filing requirements. Go to IRS.gov/
Businesses/Comparison-ofForm-8938-and-FBAR-Requirements
for a chart comparing Form 8938 and FBAR filing requirements.
Link to instructions for Form 8938
https://www.irs.gov/pub/irs-pdf/i8938.pdf
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
