{"id":79077,"date":"2023-05-22T11:30:35","date_gmt":"2023-05-22T08:30:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79077"},"modified":"2025-09-11T08:57:18","modified_gmt":"2025-09-11T05:57:18","slug":"metamask-denies-tax-charges-on-cryptocurrency-transactions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/metamask-denies-tax-charges-on-cryptocurrency-transactions\/","title":{"rendered":"MetaMask denies tax charges on cryptocurrency transactions"},"content":{"rendered":"<p>The crypto-wallet developer <a href=\"https:\/\/forklog.com\/en\/news\/what-is-metamask\">MetaMask<\/a> \u2014 ConsenSys \u2014 in response to community criticism said that the app does not levy taxes on digital asset transactions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? We are aware of tweets circulating with inaccurate information about ConsenSys&#8217; terms of service. <\/p>\n<p>Let&apos;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. <\/p>\n<p>This claim is false.<\/p>\n<p>\u2014 ConsenSys (@ConsenSys) <a href=\"https:\/\/twitter.com\/ConsenSys\/status\/1660353688446050304?ref_src=twsrc%5Etfw\">May 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We are aware of tweets spreading inaccurate information about ConsenSys&#8217; terms of service. Let us clarify one thing in advance: MetaMask does not levy taxes on cryptocurrency transactions, and we have not made any changes to our terms of agreement,&#8221; the company said.<\/p>\n<\/blockquote>\n<p>Prior to the official statement, users noticed a document saying that the company has the right &#8220;to withhold taxes if necessary&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? BREAKING ?<\/p>\n<p>METAMASK NEW UPDATE IN TERMS AND POLICY WILL WITHHOLD YOUR TAXES. DECENTRALIZATION IS DYING <a href=\"https:\/\/t.co\/wqpwAd2BQh\">pic.twitter.com\/wqpwAd2BQh<\/a><\/p>\n<p>\u2014 Ash Crypto (@Ashcryptoreal) <a href=\"https:\/\/twitter.com\/Ashcryptoreal\/status\/1660160399998689281?ref_src=twsrc%5Etfw\">May 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This situation drew a wave of negative sentiment toward the crypto wallet. Some even questioned the decentralization of the app. But there were users who rushed to debunk the false information.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Everyone blindly tweeting about the MetaMask tax clause in TOS but not actually reading it. The tax section is in their \u201cfees and payment\u201d section, talking about products and paid plans they offer. if you buy a product from them, they can withhold taxes like sales tax for that\u2026 <a href=\"https:\/\/t.co\/0ay9UCJHdh\">pic.twitter.com\/0ay9UCJHdh<\/a><\/p>\n<p>\u2014 moneyprintergobrrr.eth (@printer_brrr) <a href=\"https:\/\/twitter.com\/printer_brrr\/status\/1660289488290037760?ref_src=twsrc%5Etfw\">May 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Everyone blindly tweeting about the MetaMask tax clause in the terms of the agreement, but not actually reading it,&#8221; \u2014 wrote one of the wallet&#8217;s defenders.<\/p>\n<\/blockquote>\n<p>The developers explained that this clause does not apply to transactions involving digital assets through MetaMask and affects only &#8220;ConsenSys products and paid services&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Legal terminology can be complex, but it&#8217;s crucial to emphasize that this section DOES NOT apply to MetaMask or any other products that don&#8217;t involve sales tax. <\/p>\n<p>We believe in transparency and accuracy when it comes to sharing information with our users.<\/p>\n<p>\u2014 ConsenSys (@ConsenSys) <a href=\"https:\/\/twitter.com\/ConsenSys\/status\/1660353693076652032?ref_src=twsrc%5Etfw\">May 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Legal terminology can be complex, but it&#8217;s important to emphasize that this section does not apply to MetaMask or any other products that do not involve sales tax. We believe in transparency and accuracy when it comes to sharing information with our users,&#8221; the company representatives added.<\/p>\n<\/blockquote>\n<p>In April, MetaMask <a href=\"https:\/\/forklog.com\/en\/news\/unknown-metamask-error-costs-users-more-than-10-million\">described<\/a> an unknown exploit that led to losses of more than $10.5 million among users. According to the investigation, the issue affected all wallets, including hardware wallets or those generated for Ethereum pre-sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-wallet developer MetaMask \u2014 ConsenSys \u2014 in response to community criticism said that the app does not levy taxes on transactions involving digital assets.<\/p>\n","protected":false},"author":1,"featured_media":79078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[246,1287,558],"class_list":["post-79077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-consensys","tag-metamask","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79077"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79077\/revisions"}],"predecessor-version":[{"id":79079,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79077\/revisions\/79079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79078"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}