What information do I need to provide when filling out FBAR for Binance and disclosing my virtual currencies?

2 answers

• May 01, 2022 · 3 years ago
  When you fill out FBAR for Binance and disclose your virtual currencies, you'll need to provide some specific information. First, you'll need to provide your personal information, including your full name, address, and social security number. Next, you'll need to provide the name and address of the financial institution where your virtual currencies are held, which in this case would be Binance. You'll also need to provide the maximum value of your virtual currencies held in Binance during the calendar year. Additionally, you'll need to specify the type of virtual currencies you hold, such as Bitcoin, Ethereum, or any other supported cryptocurrencies. You'll also need to provide the account number or other unique identifier associated with your Binance account. Finally, you'll need to indicate the country or jurisdiction where your Binance account is located. It's important to provide accurate and complete information to ensure compliance with the reporting requirements set by the Financial Crimes Enforcement Network (FinCEN).
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• May 01, 2022 · 3 years ago
  When filling out FBAR for Binance and disclosing your virtual currencies, it is important to provide the necessary information to comply with the reporting requirements. This includes your personal information, such as your full name, address, and social security number. You will also need to provide the name and address of Binance as the financial institution where your virtual currencies are held. Additionally, you should include the maximum value of your virtual currencies held in Binance during the calendar year. Specify the type of virtual currencies you hold, such as Bitcoin, Ethereum, or any other supported cryptocurrencies. Provide the account number or unique identifier associated with your Binance account. Lastly, indicate the country or jurisdiction where your Binance account is located. By providing accurate and complete information, you can ensure compliance with the regulations set by the Financial Crimes Enforcement Network (FinCEN).
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