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Professional dominatrixes and fetishes, such as Allie Eve Knox, are forced to face financial difficulties in their work. Payment app companies such as PayPal, Venmo and CashApp ban the sale of adult content, and banks restrict their access to their services.
Even after years of work, many of them face banking bans. This creates inconvenience and restrictions in their financial activities. Unfortunately, restricting access to financial services has become a common practice for entertainment content creators around the world.
One of the reasons for this attitude of banks and payment systems towards the industry may be concerns related to money laundering and human trafficking. Data published by the US Free Speech Coalition (FSC) shows that two-thirds of entertainment content creators have lost access to bank accounts or financial services, and 40% have experienced account closures in the past year.
Entertainment workers are looking for alternative ways to get paid and store money, and cryptocurrencies seem like an attractive option. It allows you to make discrete payments and bypass the banking system. However, the growing regulation of cryptocurrencies also limits their options.
General deficiencies in access to banking and payment services have a serious impact on the lives and financial activities of entertainment content creators. Fighting this problem requires real legal changes to ensure equal opportunities for all.
Even after years of work, many of them face banking bans. This creates inconvenience and restrictions in their financial activities. Unfortunately, restricting access to financial services has become a common practice for entertainment content creators around the world.
One of the reasons for this attitude of banks and payment systems towards the industry may be concerns related to money laundering and human trafficking. Data published by the US Free Speech Coalition (FSC) shows that two-thirds of entertainment content creators have lost access to bank accounts or financial services, and 40% have experienced account closures in the past year.
Entertainment workers are looking for alternative ways to get paid and store money, and cryptocurrencies seem like an attractive option. It allows you to make discrete payments and bypass the banking system. However, the growing regulation of cryptocurrencies also limits their options.
General deficiencies in access to banking and payment services have a serious impact on the lives and financial activities of entertainment content creators. Fighting this problem requires real legal changes to ensure equal opportunities for all.