New charges for domain name registration
Nic.ar, the entity responsible for web domains, announced that as from March 5th, the registration service for domain names will be charged. The head of this institution announced that a “less than $ 200 (Argentine pesos) per year” cost will be established.
The implementation of this new fee will begin as soon as the official agency has finished polishing the details of the resolution and its publication in the Official Bulletin. Argentina is the only country in the region that doesn’t charged in relation to the registration of Internet domains. For those who have already registered a domain they should pay the fee when filing the renewal.
The main goal of this new resolution is to reduce cybersquatting. Authorities are establishing a set of processes so that if a trademark or product name is being improperly used, there is an opportunity to recover it shortly.
Currently, Argentina has three million web domains registered. It is the second largest number of web domains registered in Latin America.