ConsenSys, the parent company behind MetaMask, has dismissed false claims of the organisation collecting tax from users on crypto transactions
Denying rumours that MetaMask is collecting taxes from cryptocurrency users, ConsenSys, the company behind the crypto wallet took to Twitter on May 22, 2023 to clarify its stance.
The company called the claim false as it was backed by “inaccurate information” which was drawn from a misreading of MetaMask’s terms of service. It clarified that the section on tax of its terms of service was only directed towards specific products and paid plans, and did not have any reference to on-chain crypto transactions.