The Financial Crimes Enforcement Network (“FinCEN”) department of the Treasury has announced recently that it will begin requiring taxpayers to report virtual currency on FinCEN Form 114, Report of Foreign Bank and Financial Accounts (known as the “F.B.A.R.”). Currently, FinCEN does not include accounts holding only virtual currency in the list of “reportable accounts” under the purview of F.B.A.R., but Treasury wants to change that.