A friend pointed out a line in the new Terms of Service for Metamask.
https://metamask.io/terms-of-use/
“4.3 Taxes. Each party will be responsible, as required under applicable law, for identifying and paying all taxes and other governmental fees and charges (and any penalties, interest, and other additions thereto) that are imposed on that party upon or with respect to the transactions and payments under this Agreement. All fees payable by you are exclusive taxes unless otherwise noted. We reserve the right to withhold taxes where required.”
Note the last line. Is this a new thing or has this always been here? Does this mean that Metamask the company has the technical capability to restrict your use from Metamask generated wallets? Or is it just a legal statement to cover their asses in the case that a user of Metamask is willfully choosing not to pay their taxes?
Beep Boop
Never share your Secret Recovery Phrase with any site or a person. MetaMask does not use Gmail or web forms. Do not enter your Secret Recover Phrase into a pop-up window, even if it looks like MetaMask. Verify links are legitimate. Scammers often use these tactics.
Beware of fake websites. The official website for MetaMask is https://metamask.io/
MetaMask Support will never DM you. This is a common tactic scammers use to try and get access to your wallet.
If you need to reach Support: open MetaMask, then menu > Support. The ‘Start a Conversation’ button will start a chat, the bot asks a few questions to help route you to the correct team. You can also visit the Support site from the web: https://Support.MetaMask.io
Do not click on suspicious links or files. This can lead to your device security being compromised.
Do not “sync” or “validate” your wallet with any websites or forms. This is a scam. Never sync and share: QR Codes, Secret Recovery Phrase, private key, etc.
Never call phone numbers, text Whatsapp numbers, DM on Discord, use WeChat or do video chat with people on this subreddit. MetaMask does not offer customer support in this manner. There is NO exclusive MetaMask Discord.
We don’t ask for an email address to create a wallet. We can’t email you. We will never ask you to verify or upgrade/merge your wallet. https://metamask.zendesk.com/hc/en-us/articles/6286050620955-Will-MetaMask-ever-ask-me-to-verify-my-account–
.MetaMask currently has no plans for an airdrop, regardless of any information you may have seen elsewhere. If you encounter anyone explaining the best method to maximize the size of a MetaMask-related ‘airdrop’ you might receive, they’re lying. In particular, be wary of scams (aimed at getting your Secret Recovery Phrase) that weaponize this topic.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
>All fees payable by you are exclusive taxes unless otherwise noted. We reserve the right to withhold taxes where required.
This should be referring to sales taxes and not capital tax. So when you buy anything online via your credit/debit card, different counries and states may have different sales tax regulation. Some tax based on where the company is situated, others based on where the business was conducted in, and/or where the consumer is located.
Metamask used to just be a wallet but it now offer the means to buy crypto directly in the mobile app. The above taxes should refer to sale tax related to purchase of crypto where applicable.
If you don’t buy crypto via Metamask, then it should not apply to you.