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FBAR Violations for Crypto Accounts: What You Need to Know About $100,000 Penalties

FBAR Violations for Crypto Accounts: What You Need to Know About $100,000 Penalties

23 Dec 2025

U.S. citizens with crypto on foreign exchanges must file FBAR if holdings exceed $10,000. Failure to report can lead to $100,000 penalties. Learn what counts, how the IRS tracks it, and how to fix past mistakes.

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