European Commission: Final agreement reached on regulations to introduce European digital identity wallets, pending formal approval

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Cointime2023/11/12 02:33

By:Cointime

On November 12th, the European Commission announced in a press release that the European Parliament and Council have reached a final agreement in the trilogue negotiations on the introduction of the European Digital Identity Regulation, pending formal approval from the European Parliament and Council. This is the first trusted and secure digital identity framework for all Europeans, supporting access to public and private online services and fully protecting personal data. In addition to public services, large online platforms designated under the Digital Services Act (including services such as Amazon, Booking.com, or Facebook) and private services that are required by law to verify the identity of their users must also accept EU digital identity wallet logins to their online services. In addition to securely storing digital identities, the wallet also allows users to open bank accounts, make payments, and hold digital documents such as mobile driver's licenses, medical prescriptions, professional certificates, or travel tickets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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