ICANN's board has voted in favour of a proposed settlement agreement with Verisign, despite strong opposition from the Internet community.
During a meeting held yesterday (Feb. 28th), Internet regulator ICANN's board voted to give the green light to an agreement with Dot Com registry Verisign.
"These settlement documents include a new registry agreement relating to the operation of the Dot Com registry," says ICANN. "The new Dot Com registry agreement will now proceed to the U.S. Department of Commerce for final approval, and the entire settlement is dependent upon this approval before it is finalized. USDOC approval is required due to the unique history of the Dot Com generic top-level domain and it is the only gTLD which requires such approval."
"If approved, this settlement will clear the way for a new and productive relationship between ICANN and VeriSign facilitating ICANN's stewardship and technical coordination of the Internet's domain name system," adds an information release posted on ICANN's website.
Strong opposition to the proposed settlement has been voiced by both domain name users and industry insiders, including the ICANN-accredited registrar community.
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