It's becoming more and more common, especially as all of thew newTLDs come into the market. Any two letter domain extension is a country, i.e. LY, IO, and ME.

It's becoming more and more common, especially as all of thew newTLDs come into the market. Any two letter domain extension is a country, i.e. LY, IO, and ME. It's really up to the country how they chose to use, market, and brand their cTLD.