Turns out OnlyFans won’t be banning porn – at least for now
OnlyFans has suspended its porn ban, but for how long?
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After pushback, OnlyFans has suspended itsplanned banon sexually-explicit content, which was set to occur on October 1.
OnlyFans announced the decision viaTwitter, explaining that the company had “secured assurances necessary to support our diverse creator community.”
Thank you to everyone for making your voices heard.We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. OnlyFans stands for inclusion and we will continue to provide a home for all creators.August 25, 2021
Presumably, the company is referring to assurances from financial institutions (banks and payment providers) – when OnlyFans previously announced that it had changed its policies to ban sexually explicit material, it did so “to comply with the requests of our banking partners and payout providers,” according to an official statement.
In a recentFinancial Timesarticle, OnlyFans CEO Tim Stokely laid the blame squarely on banking: ““The change in policy, we had no choice — the short answer is banks.” He cited increased roadblocks from financial institutions, which claimed reputational risk in permitting such services and made it harder for payments to go to creators.
Stokely rejected that providers like Mastercard or investor pressure were to blame, as suggested in the initialBloombergreport laying out the potential reasons behind OnlyFans’ decision.
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David is now a mobile reporter at Cnet. Formerly Mobile Editor, US for TechRadar, he covered phones, tablets, and wearables. He still thinks the iPhone 4 is the best-looking smartphone ever made. He’s most interested in technology, gaming and culture – and where they overlap and change our lives. His current beat explores how our on-the-go existence is affected by new gadgets, carrier coverage expansions, and corporate strategy shifts.
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