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RE: U.S. Taxes- you might face big penalties if you don't file FBAR reports
Also, it could be argued by the IRS that any crypto currency is essentially a foreign account and thus should be reported: https://www.goldinglawyers.com/fbar-bitcoin-2017-2018-important-cryptocurrency-reporting-tips/
If they try that, it will likely end up in at least one huge lawsuit.