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welcome to this installment of clarifying tax situations with attorney and cpa david w crossing what are the cryptocurrency fbar and facta reporting obligations if youve been living outside the united states and you kept your bitcoin wallet outside the united states or your cryptocurrency wallet outside the united states or youve been engaging with transactions with offshore brokerages coin brokerages you could wind up facing a problem with non-reporting of the foreign account at this point in time its not even exactly clear whether an offshore wallet or an offshore coin brokerage will result in an f bar reporting whats an f bar f bar stands for foreign bank account reporting and eventually this definition has expanded to almost any type of financial account offshore an investment account all right back in 2014 theres only been one time where the government was approached and asked if they had to do an fbar filing related to offshore wallets and offshore investments in cryptocurre