There are currently less than 25 generic top level domain (gTLDs) such as .com, .net and .org. However, this number is expected to increase dramatically to over 1000 with the addition of extensions such as .shop, .bank, jewellery and many more.
The new domain name spaces create a breeding ground for cyber squatters and are a potential nightmare for trade mark holders. For this reason the Internet Corporation for Assigned Names and Numbers (ICANN) has created a trade mark clearing system known as Trademark Clearing House (TMCH).
Source: Adams & Adams attorneys
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