The European Parliament has announced that it has reached a final agreement on the Regulation introducing the European Digital Identity Wallets with the Council of the European Union. Under the new proposals, designated Very Large Online Platforms (VLOPS) under the Digital Services Act (DSA) and private services legally required to authenticate their users will have to accept the EU Digital Identity Wallet for logging into their online services.
The Wallet will securely store digital identity, allowing users to open bank accounts, make payments, and hold digital documents. It will offer a user-friendly and practical alternative to online identification and respect the user's choice whether or not to share personal data. Once formally adopted, the European Digital Identity framework will enter into force 20 days after its publication in the Official Journal.
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