A secure democratic Net is a fundamental right

If the organisation responsable for the .eu domain lets an organisation that is linked to cybercrime sells .eu domains, that it should not be surprised that cybercrime is interested in the .eu domain. The .eu domain is as interesting as the .us domain...... which shows why the general and local domainextensions are so predominant.

But the fact that it will lose its right to register domains, will have a huge impact because even if it is small in total percentage, it are still a few hundred thousand domainnames (in the international general domainextensions) that need to be transferred.  source

Many of these domains are used for fraud, crooks and all kinds of ecrime. I am not sure that there are many hosters and registrars around that would like to take those on - especially as it is clear that any new cybercrime domain registrar can lose its right to sell any international generic domainextension. In my head you should be mad to accept any domaintransfers at face-value without doing a background check (blacklisting, security listings, background of the owners and so on). Except if you don't care about your other clients and crime money is for you no different.

For ICANN there is no way it could launch the new domainextension business at 100.000$ a piece without cleaning out the malafide registrars it has now among its distributors of existing domainextensions. The greatest dangers of its new scheme is that a malafide organisation gets a hold on such a domainextension and infects it with malware and crimeware domains.