I'm in agreement with this, but as usual I'm thinking about where the process leads.
If the registrar has to collect and verify personal data, this concerns me. What then happens to that data? Who has access to it?
It seems to me that having that database there provides a handy means of being able to censor private citizens own domains, should they wish to. Said something bad about the government? Following a "justified request" to your domain name provider, here comes the local police, knocking on your door, as a "friendly" reminder to be politer in future...
And you know that if the EU starts doing it, it'll be cited as a precedent by other governments whose reminders won't be quite as "friendly".
And that's what worries me.
Biting the hand that feeds IT
