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Personally, I think it makes no sense. Yes, registration requirement requires a EU address. At time of registration, it makes sense. But punishing numerous domainname holders just because of a political decision, makes less sense. At least existing .eu domains of UK based holders should remain untouched. Suspending new registrations would make sense, but why punish people for an act of government they cannot help?
This isn't the best advertising for the .eu extention IMO.
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