They will just move .io from ccTLD to gTLD, with the UK government's blessing. Everyone realizes there is no point in stopping the money from flowing.
Only 3 characters and up can be gTLDs.
Modern ICANN is not about policies for policies' sake.
They will just move .io from ccTLD to gTLD, with the UK government's blessing. Everyone realizes there is no point in stopping the money from flowing.