• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, May 15, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

ConsenSys Refutes Rumours; Says MetaMask Does Not Collect Taxes from Cryptocurrency Investors

22 May 2023
in Latest News, News
Reading Time: 3 mins read
112 5
Home News Latest News

ConsenSys, the developer of the popular web3 wallet MetaMask, has addressed rumors circulating on social media about the platform demanding taxes from cryptocurrency investors. The company strongly refuted these allegations, stating that they are false information and clarified that there have been no recent changes to MetaMask’s terms of service enabling tax collection.

📢 We are aware of tweets circulating with inaccurate information about ConsenSys’ terms of service.

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.

This claim is false.

— ConsenSys (@ConsenSys) May 21, 2023

The rumors originated from screenshots of MetaMask’s Terms of Use shared by a Twitter user named @jibi333. The screenshots specifically mentioned section 4.3, which discusses the platform’s right to withhold taxes when required.

Is Decentralization Dying?
Metamask will withhold your Taxes now! 🚨🚨🚨 pic.twitter.com/AdDGm4HSZ8

— Jibi.eth 🧙‍♂️ (@jibi333) May 21, 2023

However, ConsenSys explained that these terms specifically pertain to products subject to sales tax and are not new. They made it clear that MetaMask does not impose taxes on cryptocurrency transactions and that it and other items not subject to sales tax are exempt from such tax collection.

ConsenSys emphasized its commitment to combating misinformation related to its services and products. The company reiterated its dedication to providing accurate and transparent information to MetaMask users. They reassured users of MetaMask’s trustworthiness and reiterated their mission to enhance the accessibility, usability, and extensibility of web3 through their various solutions.

This is not the first time that ConsenSys and MetaMask have faced public outcry over their terms of use. In November 2022, an updated policy from ConsenSys revealed that Infura, a platform connected to the Ethereum blockchain, had the potential to collect additional user data, including IP addresses and Ethereum transactions. This development led to dissatisfaction among users who viewed MetaMask as a decentralized wallet. As a result, ConsenSys had to revise its privacy policies, with CEO Joseph Lubin clarifying that MetaMask only utilizes IP information for routing purposes.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

 

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: ConsenSysMetamask
Share68Tweet43Share12
Previous Post

Bitget Academy Introduces Three New Blockchain Courses as Part of Blockchain4Youth Initiative

Next Post

Zonda Rebrands As Zondacrypto, Targets Dominance in EU’s Digital Asset Exchange Market

Durotimi Aribisala

Durotimi Aribisala

Durotimi is a writer who is interested in writing about emerging technologies such as blockchain, Web3, crypto, and AI. He studied business administration and management. He desires to be an entrepreneur and movie director sometime in the future.

Related Posts

MetaComp Unveils StableX to Modernize Cross-Border FX with Stablecoins
News

MetaComp Unveils StableX to Modernize Cross-Border FX with Stablecoins

14 May 2025
RWA Infra Unveils $RWAID Token to Democratize Infrastructure Investment
News

RWA Infra Unveils $RWAID Token to Democratize Infrastructure Investment

14 May 2025
Binance to Launch NEXPACE (NXPC) Trading on Alpha and Futures
News

Binance to Launch NEXPACE (NXPC) Trading on Alpha and Futures

14 May 2025
London-Listed Crypto Firm Vinanz Secures $4 Million to Expand U.S. Bitcoin Operations and Pursue Nasdaq Dual Listing
News

London-Listed Crypto Firm Vinanz Secures $4 Million to Expand U.S. Bitcoin Operations and Pursue Nasdaq Dual Listing

14 May 2025

Featured Posts

source: buddyxtheme.com

Best AI-Powered Tools for Managing Crypto Portfolios

byOlayinka Sodiq
26 January 2025
0

Is Mass Adoption of Cryptocurrency Achievable, or Will It Remain a Niche Technology?

byOlajumoke Oyaleke
19 January 2025
0

source: casinosblockchain.io

Does Cryptocurrency Encourage a Gambling Mentality in Investments?

byOlajumoke Oyaleke
18 January 2025
0

Bitcoin and Wealth Inequality Who Truly Benefits from Perpetual Price Increases

Bitcoin and Wealth Inequality: Who Truly Benefits from Perpetual Price Increases?

byOlayinka Sodiqand1 others
5 January 2025
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

Read More

Chain of Thoughts

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

We Must Balance Innovation and Regulation for Crypto to Really Thrive

We Must Balance Innovation and Regulation for Crypto to Really Thrive

byOlu Omoyele
29 January 2025
0

...

Markets Update

Your Weekend Crypto Roundup | May 2025 (Week 2)

6 days ago

Your Weekend Crypto Roundup | April 2025 (Week 4)

3 weeks ago

Ukraine Proposes 18% Tax on Earnings, What Does It Mean for the Broader Crypto Market?

3 weeks ago

Bitcoin’s Wild Week: Market Volatility, Key Levels, and Predictions. Can It Smash the $100K Resistance in 2025?

3 weeks ago

Why Conor McGregor’s REAL Token Failed

3 weeks ago

Trump’s Tariff Talk Tanked the Crypto Market — So Why Did Suspending Them Spark a Rally?

3 weeks ago
Read More

Events

Next Block Expo
Next Block Expo
19 May 25
Warszawa

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Whale.io Accelerating Towards TGE – Unveils “Wager & Earn” Campaign and Launches $WHALE Token Conversion

bychainwire
14 May 2025
0

Edgen Launches “AI Super App,” Democratizing Institutional-Grade Crypto Market Intelligence

bychainwire
14 May 2025
0

BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem

bychainwire
14 May 2025
0

Plutus Launches PLUS More on Base: A New Era of Tokenised Loyalty Rewards

bychainwire
13 May 2025
0

DoubleUp : A new generation of GambleFi

bychainwire
13 May 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00