The parent company of wallet app MetaMask has denied rumors about its role as a tax agent and the company’s forced withholding of taxes from crypto-asset holders.
The MetaMask team assures that Tweets promoting such messages are misleading cryptocurrency users.
Because the authors of social media posts are not well versed in legal terminology, they confuse fiscal functions with pay-as-you-go products and paid plans, such as Ethereum API Infura subscriptions.
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ConsenSys reminded that the lack of taxation of crypto investors in the MetaMask ecosystem does not exempt crypto-asset owners from self-reporting to the tax authorities and paying income tax.
In April, MetaMask customers fell victim to a phishing attack that gave attackers unauthorized access to the personal information of about 7,000 users.