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You're totally right and similarly in many countries you cannot have part of your name that refers to a specific type of company: "LLC", "Inc.", "SA" (Societe Anonyme), etc. and, still by law, certain types of companies must have specific terms as part of their name (and the term or even terms does appear as is in the official notarized company creation documents etc.).

P.S: I'm personally not thrilled by the idea of having all Unicode characters allowed and people being allowed to use poo emojis as part of their company name.

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