EU Digital Identity Wallet is on the Way
European Commission (EU) announced on 8 November 2023 that an agreement has been reached on the regulation governing the establishment of digital wallets that can be used on smartphones, negotiated between the European Commission, the European Council, and the European Parliament.
The eIDAS Regulation, which establishes the cross-border legal framework for digital identities, forms the legal basis for the regulation of the EU Digital Identity Wallet (Wallet).
EU citizens will be able to access public services and private online services across Europe using the Wallet with this regulation, without the need for additional identity verification methods. Additionally, “Very Large Online Platforms” regulated under the Digital Services Act (such as Amazon, Facebook) and service providers obligated to authenticate users will be required to accept individuals’ Wallets for identity verification.
Moreover, the Wallet will securely store users’ digital identities and enable them to open bank accounts, make payments, and store digital documents such as mobile driving licenses, medical prescriptions, professional certificates, or travel tickets.
The regulation governing the Wallet will come into effect after formal approval by the European Parliament and member states, following its publication in the Official Journal of the EU.
You can reach the relevant announcement of Council of the EU here.
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