No, MetaMask Will Not Withhold Your Crypto for Taxes

Minty News

05/22

Title: ConsenSys clarifies it does not collect taxes on crypto transactions

ConsenSys, the company that created the MetaMask browser-based crypto wallet, has denied rumors circulating on Twitter that it would withhold taxes on all crypto transactions. The company confirmed that section 4.2 of the MetaMask terms of use, the subject of numerous inaccurate tweets, applies only to products and paid plans, not to the wallet. Many crypto users on Reddit and other sites also took to social media to refute the claims that MetaMask collects taxes and compared it to recent issues with Ledger's "backdoor" to its hardware wallets. ConsenSys is keen to stress its commitment to transparency and accuracy regarding information shared with its users.

Source: Decrypt

Original Link: https://decrypt.co/140873/metamask-tax-taxes-viral-rumor-false-inaccurate

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