At the behest of government and law organizations, The Internet Corporation for Assigned Names and Numbers, (better known as ICANN) Board of Directors today approved a new Registrar Accreditation Agreement. One that will hold domain name registrars more accountable.
Now you will be required to verify your phone number, email, and some personal information before a domain may be registered. These new rules will make it tougher for people to get domains using fake information. t looks like registrars will also have to keep information about their customers, including their credit card details, for two years after they cancel their domain registration.
Right now anyone can get a domain using fake info, but not for much longer.