The post Metamask’s Parent Company to Deny Collecting Taxes on Crypto Transactions appeared first on Coinpedia Fintech News
ConsenSys denies collecting taxes from crypto users. Rumors based on “inaccurate information” misreading Metamask’s terms of service, the company informs 270k Twitter followers today. The company clarified tax terms only apply to products or plans, not to crypto transactions. Some in the crypto community protested Metamask’s “right to withhold taxes where required” in their terms of service, fearing it would not affect users’ income taxes.