Sex Workers Turn to Crypto Amid Stricter Industry Regulations -Breaking
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© Reuters. Stricter Industry Regulations Drive Sex Workers to Turn to Crypto- This is for many sex workers a way to get financial independence.
- Crypto allows sex workers the ability to address chargebacks.
- Crypto also allows sex workers the ability to bypass payment processors which can potentially block their accounts.
Many sex workers use bitcoin to gain financial freedom. It is fast becoming an industry standard.
In 2018, the United States passed a federal law to end online sex trading. The Fight Online Trafficking Act and Stop Enabling Sex Traffickers Act, or FOSTA – SESTA, meant that the owners of web sites could face criminal charges for content that promoted trafficking.
Backpage was once the most popular online ad platform for sex workers and this law led to its demise.
Unfortunately, the law had the opposite effect. It only made the trade more underground. Many sex workers turned to the streets for work.
Crypto permits sex workers to deal with chargebacks. This is when customers claim they were…
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