Crypto companies were offered to ban certain domain names
Cryptocurrency companies may be banned from using domain names in certain zones.
The fTLD Registry Services has launched an initiative to restrict the access of multifunctional banking service providers to domains in .bank and .insurance zones.
According to fTLD, .bank domains are in high demand among companies in the cryptocurrency space. They were originally reserved for regulated retail banks, savings associations, national banks and bank holdings..
“Recently, as the financial services space has evolved, especially in the context of fintech products and services (eg, peer-to-peer payment providers, cryptocurrency companies), we have begun to find that some potential registrars are trying to get domains in order to increase their own legitimacy in the market before regulated entities. and / or clients, ”said fTLD Chief Compliance Officer Heather Diaz.
In an effort to restore previously in force restrictions, fLTD intends to “further secure these trusted zones.” At the same time, Diaz said that her company had never received applications from representatives of the cryptocurrency industry to register a domain in the .bank zone..
Among other things, the ban is proposed to be extended to companies in the field of money transfers and suppliers of microloans. fTLD has not yet formally formalized its initiative and is collecting public comments until August 24.
The Central Bank of China Proposes to Fines for Issuing RMB-Pegged Tokens The People’s Bank of China has released a proposal for public comment suggesting…
Argentine Central Bank has banned citizens from buying bitcoins with credit cards The Central Bank of the Argentine Republic has banned citizens of the country…
Durov offered investors of the TON blockchain to take money or wait for more Telegram founder Pavel Durov admitted the impossibility of launching…
Paxful CEO suggested destroying bitcoins Satoshi Nakamoto Paxful exchange service founder Ray Yousef proposed a radical way to get rid of participants…
The UK regulator has proposed to ban crypto derivatives for retail investors by the UK Financial Conduct Authority (FCA) this…