OnlyFans’ porn ban/reverse ban is a mystery
From www.vox.com
2021-08-26 17:10:00
Sara Morrison
Excerpt:
Well, that was fast. Sexually explicit content is allowed on OnlyFans after all. But we don’t know much about why the content subscription service made the abrupt policy change in the first place — nor why it reversed its decision in just a few days.
Here’s what we do know: Less than a week after announcing that on October 1 it would effectively cut off most of the pornographic content the service has become known for (and that helped propel the company’s valuation to more than $1 billion), OnlyFans backtracked.
When it first announced the ban on August 19, OnlyFans said it was an effort “to comply with the requests of our banking partners and payout providers.” CEO Tim Stokely later told the Financial Times that banks were to blame, saying they were making it difficult-to-impossible for OnlyFans to transfer money to creators. He also said they were shutting down bank accounts belonging to sex workers.
But on August 25, following a lot of backlash (as well as the…