ICANN Set To Broaden World of Domain Names

hypnosec writes "ICANN, as a step towards expanding global top level domain names, has approved a new Domain Name Registrar Accreditation Agreement that is expected to bring about waves of continued improvements in the domain name ecosystem (PDF). The new agreement is a result of efforts of over a year of negotiations that took place between ICANN and Registrar Stakeholders Group. The new agreement brings quite a few improvements, including making it mandatory for registrars to appoint a point-of contact for reporting abuse, and to establish registrar responsibilities for reseller compliance, enhancement of compliance tools, audit rights, and certification requirements, among others."

Re:why?

[sidthegeek]

.tv is the ccTLD for Tuvalu. But they're a small island, so they sell those domains to anyone who wants to build video-related websites.