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- ConsenSys has refuted rumors suggesting MetaMask collects taxes on crypto transactions.
- The company has confirmed that no changes have been made to MetaMask’s terms of service regarding this matter.
- The incident highlights the importance of relying on official sources for accurate information in the fast-paced crypto world.
Recently, there has been a whirlwind of misleading tweets circulating about the terms of service for MetaMask, a service provided by ConsenSys. These tweets alleged that MetaMask collects taxes on cryptocurrency transactions. However, ConsenSys has now come forward to dispel these rumors and clarify the actual situation.
In an official statement, ConsenSys has categorically stated that MetaMask does not impose any tax on crypto transactions. Furthermore, no changes have been made to the terms of service in this regard. This clarification directly counters the claims being circulated on Twitter, thereby quashing any misconceptions about MetaMask’s service terms.
📢 We are aware of tweets circulating with inaccurate information about ConsenSys' terms of service.
— ConsenSys (@ConsenSys) 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.
This claim is false.
As the crypto industry continues to evolve and mature, there has been an increase in misinformation and rumors, especially on social media platforms. Users are advised to seek information from official sources to avoid falling victim to such false information.
This incident is a reminder of the importance of relying on trusted sources for information in the dynamic world of cryptocurrencies.