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  • Writer's pictureKENDRICK CLEVOR

"Metamask and Taxes" - No New Taxes!

ConsenSys, which is the parent company of crypto web3 wallet MetaMask has recently addressed the misinformation being spread recently regarding the taxation of crypto transactions through the MetaMask platform. The response to the alleged improper taxation came through a Twitter post on May 21, 2023.

"Let's clarify one thing upfront: MetaMask does NOT collect taxes on crypto transactions and we have not made any changes to our terms to do so."

"The tax section in our terms of service falls under the "fees and payment" section, and it exclusively pertains to products and paid plans offered by ConsenSys."

It seems that there are NO NEW TAXES for MetaMask transactions and we can all go back to business as usual. If you would like to take a look at the Metamask terms of service, follow the link below.

By Jamal Saafir

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