The encryption company may lose access to the "service provider" domain name

According to foreign media today, encryption companies may be banned from hosting .bank and .insurance domain extensions. The Domain Name System (DNS) registry, fTLD Registry Services, announced that it is seeking to limit DNS extensions for general-purpose bank "service providers." The proposal was made in the context of an increase in the .bank domain name application filed by the encryption company. Initially, .bank domain names were reserved for government-regulated retail banks, savings associations, state-owned banks, or bank holding companies. However, Heather Diaz, director of compliance and policy at fTLD, said: “Recently, with the development of financial services, especially financial technologies that provide financial products/services (such as P2P payment providers, cryptocurrency companies), we have found Some potential registrants seek legality in the field to strengthen market surveillance entities and/or consumers."