FB pixel

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

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.

The Chair of the Rulebook Development Group is setting up several dedicated workstreams to support the draft digital euro scheme rulebook, according to the announcement.

Market participants and Eurosystem (EU monetary authority) representatives will be chosen from among candidates nominated by stakeholder associations to provide expertise in strong customer authentication (SCA), digital identity initiatives, and implementing customer identity and access management (CIAM) solutions. Candidates proficient in English are sought.

Remote meetings will be held frequently over a two-month period starting this May. Participants are expected to take part in all meetings, and contribute to the project deliverables.

Candidates are asked to submit a CV detailing their experience in identification and authentication, with responses to four related questions, by May 22, 2023. Further details are available at the ECB website.

The digital euro is differentiated from cryptocurrency by issuance from the central bank, which has a mandate to ensure the currency’s value.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Pimeyes’ new tool will be able to search billions of faces through videos

Face image search engine Pimeyes has stirred controversy over its ability to pinpoint exactly where exactly on the vast internet…

 

Kazakhstan sees dramatic growth in digital government use

Kazakhstan is building out a tech ecosystem and digital government ranks among its priorities. In the first half of 2025,…

 

Bhutan upgrades digital identity wallet, including liveness and P2P chat

Bhutan has rolled out four major upgrades to its National Digital Identity (NDI) wallet with the enhancements aimed at strengthening…

 

Zimpler brings biometrics, regulatory checks to first user interaction with Zimpler ID+

Zimpler has unveiled its new identity layer that embeds biometric identification and regulatory checks into the very first user interaction:…

 

5M Ugandans renews national IDs, 100k new cards ready for pickup

Uganda’s National Identification and Registration Authority (NIRA) has announced that more than 5.3 million people have already renewed their national…

 

States push ahead on AI regulation as Congress falters

This month, the U.S. Senate voted to strike down a controversial provision in President Trump’s sweeping tax and spending package…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events