ECB calls for digital ID, authentication experts to develop rules for digital euro

The European Central Bank is inviting experts in identification and authentication to contribute to the development of rules for the digital euro.

A ‘workstream’ is being set up to establish identification and authentication requirements for the digital currency, with the goal of enabling best-in-class user experience and security. Impact assessments for various existing approaches to identification and authentication will also be carried out.

The EU’s planned digital currency is expected to be stored in the EU Digital Identity Wallet, with support for peer-to-peer transactions.

www.biometricupdate.com/202305/ecb-calls-for-digital-id-authentication-experts-to-develop-rules-for-digital-euro