Good point Jeff. Another possibility is that even if I don't want to host my website immediately, I might just reg a domain and host it with a dummy wordpress site for 6 months. If I decide to build a website I replace the contents and add adsense immediately. Right?

Question - is this adsense restriction for .in/ .co.in sites? Or sites hosted on providers in India like Mitsu? Or where the owner of the site has an Indian address?

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Lifestyles.co.in (India Lifestyle blog),
Ownerads.in (Classifieds from owners)