ONLYFANS is banning sexual content on its platform over regulatory concerns, worrying users that the site is being shut down.

       The company has confirmed that from October 1, users will be banned from posting explicit sexual photos and videos on the platform due to regulatory concerns.

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       The content sharing platform is making big changes to the way creators use the platform Credit: Apple Is OnlyFans shutting down?

       OnlyFans is not shutting down but due to regulation changes, it has drastically changed how the site operates with users.

       The platform is known for sex workers, influencers, musicians and celebrities charging 'fans' for pictures, videos and personalised content.

       It allows content creators to receive funding directly from their fans on a monthly basis as well as one-time tips and the pay-per-view feature.

       The UK company - which is one of the world’s fastest-growing social platforms will no longer allow content “containing sexually explicit conduct”.

       Nudity will still be allowed and the company have said more detailed guidance would be published to its more than two million creators in the coming days.

       Why is OnlyFans banning adult content?

       In a statement OnlyFans said: “In order to ensure the long-term sustainability of our platform, and the continue to host an inclusive community of creators and fans, we must evolve our content guidelines.”

       This is to “comply with the requests of our banking partners and payout providers”.

       The compnay is trying to raise money from outside investors at a valuation of more than $1 billion.

       The unexpected move will come as a shock to its 130 million users, who many flocked to the platform during the coronavirus pandemic as the production of regular pornography impacted by lockdowns.

       OnlyFans has been praised for providing sex workers a safer place to do their jobs, but sex work does come with a stigma.

       The company positions itself more as a forum for musicians, fitness instructors and chefs than sex workers.

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       Earlier this year, OnlyFans introduced a new app that features many of its top creators, but doesn’t include any nudity.

       When will the ban on adult content come into force?

       OnlyFans will prohibit the posting of any sexually-explicit content from October 1 2021.