- European Business Wallet Proposal: On November 19, 2025, the EU Commission proposed a secure digital identity solution for businesses and public entities to enable legally valid authentication and data exchange in B2B, B2G, G2B, and G2G transactions across the EU.
- Purpose and Benefits: The initiative aims to harmonize digital tools across Member States, reduce administrative burdens, and generate up to €150 billion in annual savings, with use cases including KYC, cross-border VAT registration, eProcurement, and regulatory reporting.
- Implementation Timeline: After adoption by the European Parliament and Council, public administrations will have two years to implement the wallet, supported by transitional measures; technical details will follow in implementing acts.
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