MetaMask Will Not Withhold Your Crypto for Taxes

Published on:

Last Updated on May 22, 2023 by Bitfinsider

MetaMask does not collect taxes on cryptocurrency transactions, and ConsenSys has not modified its terms of service to do so.

“The tax section of our terms of service falls under the ‘fees and payment’ section and only applies to ConsenSys products and paid plans,” the company explained. This section does not apply to MetaMask or other products that are not subject to sales tax.

The company was responding to a number of tweets that highlighted section 4.2 of the MetaMask terms of service and described it as a change that will permit the company to withhold taxes.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.