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I think squatting with the intent purpose to sell to someone who owns the equivalent domain in .co.uk etc is illegal but owning a domain in .com and sitting on .co.uk isn't.
That's funny. And how will they prove intent? For example, I buy some cool domain name,
sit on it for awhile because of - whatever... Now, how are they going to prove my intent
to sell it? Unless they are on the advertising forums searching me out