Ask HN: What am I getting myself into with a .LY TLD?

I've got a dumb business idea and for a name I want to use something that ends in "ly". I've registered with register.ly for the domain but now I'm thinking about where my money went and who owns the TLD, and I'm concerned A) that my money went to a terrible regime, and B) that the domain I bought could be subject to Lybian law, which I fear isn't in the best place right now.

Is going with a "LY" company name and domain just too much work or is it probably fine?