Coin

<ul class="news-points"> 
 <li>Sex workers are moving away from the crypto space due to increasing regulatory scrutiny.</li> 
 <li>Workers in the adult industry deal with numerous issues in receiving and storing payments in traditional finance.</li> 
 <li>Crypto once offered them a safe space but is now offering nothing with regulatory hurdles.</li> 
</ul> 
According to a <a href="https://www.wired.com/story/sex-workers-crypto-failing-them/" target="_blank" rel="noopener noreferrer nofollow">recent report</a>, sex workers are moving away from crypto due to mounting difficulties. Once a solution for workers in the adult industry, crypto is becoming burdensome due to the increasing instability in regulation.&nbsp; 
Because of the stigma around sex work, workers have stayed away from banks and other payment options. Several sex workers who spoke to Wired explained that they faced numerous hurdles in banking and real estate. Lenders often refuse mortgages, and accountants refuse services.&nbsp;&nbsp; 
The issues with the banking sector, according to the report, started during the previous decade when economic policies were put into place to monitor financial activities in certain industries. Sex work was one of the numerous industries under scrutiny. Banks were warned that the adult industry posed an elevated risk of fraud. 
Regarding this issue, Jessica Van Meir… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/has-crypto-failed-sex-workers-escaping-traditional-finance/">Has Crypto Failed Sex Workers Escaping Traditional Finance?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Has Crypto Failed Sex Workers Escaping Traditional Finance?

Coin Edition

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