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Short answer is banks: OnlyFans CEO on why it banned adult content
short by Hiral Goyal / on Wednesday, 25 August, 2021
OnlyFans Founder and CEO Tim Stokely told Financial Times the reason they had to ban "sexually explicit" content was that major banks refused service over concerns regarding "reputational risk". "The change in policy, we had no choice - the short answer is banks," Stokely said. Bank of New York Mellon "flagged and rejected" every wire transaction involving OnlyFans, he added.