by Mike Masnick
Fri, Aug 28th 2009 1:51am
It's quite common for regulators around the world to insist that no company can call itself a "bank" unless it's an official, regulated bank. In fact, that's often why you see companies (including holding companies of real banks) that use the word "banc" instead of "bank." It's to get around such regulations. However, it looks like regulators in Sweden have gone a step further, telling the Swedish domain registrar, that it can't even allow any domain name to be sold with "bank" in it, unless it's sold to an official bank (found via Michael Scott). Of course, the whole thing seems ridiculous. There are plenty of legitimate reasons why a site might want to use the word "bank" in a domain name without being a bank themselves. A domain could be a site about banks, a service site like Bankrate or simply contain a surname like Banks -- which shouldn't confuse too many folks.
If you liked this post, you may also be interested in...
- European Commission Discovers The Hard Way That Corporate Sovereignty Provisions And EU Laws Are Incompatible
- Entertainment Industry Demands Swedish ISP Block The Pirate Bay; ISP Says No
- Moronic Swedish Collections Group Argues That A Car Stereo In A Rental Vehicle Is A Public Performance
- Swedish Law Enforcement Delivers Long-Awaited Pirate Bay Raid Sequel; Seizes Servers And Knocks Site Offline
- ISP Wants European Commission To Take Action Against Sweden For Refusing To Halt Data Retention