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Google uses its Internet search technology to serve advertisements based on website content, the user's geographical location, and other factors. Those wanting to advertise with Google's targeted advertisement system may enroll through AdWords. AdSense has become a popular method of placing advertising on a website because the advertisements are less intrusive than most banners, and the content of the advertisements is often relevant to the website.
The use of proxy is allowed but if you use a proxy to enter your adsense account your account will be disabled. It has been seen lately that you can use proxies for logins, but sign up must be from a real computer. Proxies like hidemyass, armyproxy, schoolproxy, etc, can be used after signup.
Be careful.
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