Does anyone who has crypto w/ overseas CeFi companies filled out form 8938?

[ccyphers7]

I use Hodlnaut

[LudwigVan_fan]

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

[ccyphers7]

FBAR actually states that crypto does NOT have to be reported at this time.  So I don't know how you came up w/ your answer.  Not sure whether to believe you on form 8938 now

[LudwigVan_fan]

I'm only saying that if you meet the criteria to file FBAR forms, filing F8938 does not relieve you of that responsibility.  I'm not directly tying it to crypto. 

As to F8938, I provided you with a link to the instructions for F8938.  In my reading and opinion after reading the instructions, I think it would need to be filed...IF the criteria are met.

https://www.fincen.gov/sites/default/files/shared/Notice-Virtual%20Currency%20Reporting%20on%20the%2...