Members of the European Parliament and the Swedish Presidency of the European Council have reached a preliminary agreement on the Digital Identity Wallet (DIW), which forms part of the EU Digital Identity Framework that will enable citizens to authenticate themselves online without relying on commercial providers. This would help address concerns about trust, security, and privacy, giving users complete control over their data, enabling them to decide what information to share and with whom.
In a related post, the European Commission welcomed the agreement between Parliament and the Council. The Commission also provided a Q&A document outlining the key details.
In an article for Politico, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness emphasized that the digital euro is not a surveillance project and will help keep the currency and European Central Bank relevant in a digital economy where cryptocurrencies circulate, and Big Tech companies aim to print their own money.
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