ICANN – The Internet Corporation for Assigned Names and Numbers, has approved the use of  web addresses with non-Latin characters. Initialed last year the new plan will allow domain names to be written in Asian, Arabic and other characters from various languages.

The new plan would  be out in 2010, but applications for non-Latin domain names will be open next month. ICANN president Rod Beckstrom noted that of today’s 1.6 billion Internet users, more than half use languages that have scripts which are not Latin-based.

Also it’s said that the TLP .bank would be reserved for banks.

More information could be found at click here

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