Except for reserved names like .com.am, .net.am, .org.am and others, any person in the world can register a .am domain for a fee.
Each domain name is subject to review. Generally each review takes 2 or 3 working days.
For religious reasons, Armenian law prohibits its domain names from being used for obscene sites.
The AM-NIC is moving over to IPv6 address compatibility in line with the global DNS system.
Unicode compatible names will not be instituted at AM-NIC until all issues related to IPv6 are resolved.
Usage in domain hacks
The domain name is popular (and thus economically valuable) due to it being a mnemonic for AM radio (other similar ccTLDs are .fm, .tv, .cd and .dj). Such unconventional usage of TLDs in domain names are known as domain hacks.
The domain-hacked name i.am has also been used for a popular hosting service, although it (and similar "two-letter word" hacks) are now owned by a third-party registration business.