Reporting Requirements of U.S. Persons’ Buying, Selling and Holding Digital Assets on Foreign Exchanges
In 2026, FinCEN and the IRS began strengthening and vigorous enforcement of foreign account rules on “United States persons” who buy, sell, and hold digital assets on foreign exchanges. Federal law traditionally has defined the term “U.S. persons” as U.S. citizens, resident aliens, trusts, estates, and domestic entities that have an interest in foreign financial…


