Industry Groups Bid To Control New Business-Specific TLDs 55
Gunkerty Jeb writes "Two financial industry groups, the American Bankers Association (ABA) and the Financial Services Roundtable, announced on Thursday that
they have applied to the Internet Corporation for Assigned Names and Numbers (ICANN) to operate two top level Internet domains, .bank and .insurance, on behalf of the financial services industry. In a published statement, the groups said that they had applied for .bank and .insurance to 'provide the highest security for the millions of customers conducting banking and insurance activities online.' The move comes as the U.S. Congress is set to begin hearings on e-banking fraud on Friday."
Bank in America (Score:3, Insightful)
I see.
Like no other country in the world has a bank or insurance company.
I guess that we just naturally must trust the Americans to regulate which companies in Canada, or the UK, or Mexico, or Saudi Arabia or Australia or Switzerland can call themselves a ".bank" or a ".insurance" company.
Better solution: Give the control of ".bank" and ".insurance" to the IMF.
Re:slight flaw (Score:5, Insightful)
If the .bank and .insurance TLDs were restricted by a national industry group
the rest of the world is fucked.
FTFY.