(CNN) — A group charged with overseeing the development of the Internet voted Thursday to relax the rules on Web site naming conventions — potentially triggering a virtual domain name gold rush to rival the dotcom boom of the late 1990s.
Paul Twomey is president and CEO of the Internet Corporation for Assigned Names and Numbers.
At a meeting in Paris Thursday, the board of the Internet Corporation for Assigned Names and Numbers — also known by its acronym ICANN — unanimously approved key proposals to allow domain names using any combination of letters and numbers, including non-Latin characters.
A complete overhaul of the way in which people navigate the internet has been given the go-ahead in Paris.
The net’s regulator, Icann, voted unanimously to relax the strict rules on so-called “top-level” domain names, such as .com or .uk.
The decision means that companies could turn brands into web addresses, while individuals could use their names.
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