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ConsenSys: MetaMask Does Not Tax Cryptocurrency Transactions

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Today’s Cryptocurrency Headline

ConsenSys took to Twitter to clarify inaccurate information regarding its terms of service, stating that MetaMask does not impose taxes on cryptocurrency transactions. ConsenSys aims to make Web3 more user-friendly, accessible, and buildable through its suite of products. The mentioned tax terms only apply to ConsenSys’ taxable products and paid plans, not to MetaMask or other tax-exempt products.

BingX’s Bitcoin Chart

Source: TradingView & BingX

BTC remains directionless, similar to yesterday. If it had held above $27,000, the trend would have been more promising. Unfortunately, it failed to sustain above that level and returned below $27,000. Oscillating at these lower levels increases the probability of a downward move over time. Uncertainty arises as the deadline for the US debt ceiling approaches, which could cause market fluctuations. Currently, the market is experiencing low volatility.

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