New EU Regulation – The Digital Identity Wallet is Here
May 30, 2024
A new digital identity regulation has come into effect in the European Union, requiring member states to provide each citizen with at least one EU digital identity wallet. This digital identity wallet will be used for electronically signing and storing various documents, such as university diplomas and train tickets. According to EU Commissioner Thierry Breton, the wallet will “revolutionize the way European citizens and businesses engage with online services by seamlessly integrating convenience, safety and privacy.” The regulation must be fully implemented by 2026.