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šŖšŗ Final agreement on EU Digital Identity Wallets expands scope of regulations
The European Parliament and the Council of the EU have reached an agreement on a new framework for European digital identity, including regulation on digital ID wallets.
A news release from the European Commission says this concludes the two legislative bodiesā work to implement results of the provisional political agreement reached in June around a legal framework for a trusted and secure digital identity for all Europeans.
Under the new eIDAS 2.0 regulations, the EU Digital Identity Wallet will have extensive applications across public and private enterprise, supporting the EU in meeting its 2030 targets for the digitization of public services. With the full guarantee of EU law, wallet holders throughout Europe can use their linked digital ID to open bank accounts and make payments, store digital ID and biometric documents such as mobile driverās licenses or professional certifications, and expedite services in travel, healthcare and other areas of life. Significantly, the regulation makes it mandatory for so-called Very Large Online Platforms (Facebook, Google, et al) to accept the EU Digital ID Wallet for login. The Commissionās release implies that this is a potential model for smaller companies, for which the features and specs of the wallet could boost both competitiveness and compliance.
Crucial to the wallet system is the userās ability to choose whether or not to share personal data, and what data is shared in specific cases. In terms of UX, the walletās dashboard promises the ability to monitor transactions and report privacy violations, and to allow interaction between wallets with consent. E-signature capability will be free for personal use.
Several of these features mark an expanded scope for the regulation as a result of the trilogue discussions. Other newly finalized points include the walletās business model (free of charge to all Europeans), validation and authentication mechanisms for member states, and the status of the walletās code, components of which will be available open-source to try and prevent misuse.
Although the agreement between the European co-legislators is set, it still requires endorsement from member states and formal approval, after which it will be formally published in the EUās Official Journal. Twenty days after that, the new EU Digital Identity framework will become law.
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Dr. David Martin: "Remdesivir was too unethical to put into Ebola clinical trials in Africa because it had a 53% kill rate."
"But it was chosen in April and May of 2020 to be the drug of choice to treat Covid... despite the fact that the World Health Organisation said it was unethical to use it."
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Serious allegations from former CIA officer Larry Johnson about Senator Lindsey Graham: āThere will be news coming out in the next couple of months about how he has profited financially off of money that came out of Ukraine, laundered through Latvia and made it way into his bank account. And now we're talking significant amounts of money. Department of justice is looking at it.ā
š®š± ā š®š· š¢ š ā Deutsche Bank: Oil Prices will go to $125/barrel if the Iran-Israel conflict spills over into the Straight of Hormuz
@CIG_Telegram
Developments in the Iran-Israel war. It is currently 1:11am in Tel Aviv and 1:42am in Tehran.
Main points:
Iran and Israel have started targeting each otherās energy infrastructure.
Iranian missiles continued to target and impact northern and central Israel.
Israel has started targeting Iranian oil infrastructure, including oil refineries and oil depots.
Israeli airstrikes continue to target various parts of Tehran and the surrounding areas.
Iranian air defence seems to finally be doing some damage to Israeli missiles and drones. In turn, Israel has deployed dozens of small quadcopters and loitering munitions to waste Iranian air defence and saturate for larger attacks with cruise missiles.
Drones launched from Iran and factions in Iraq continue to target northern and southern Israel.
Missiles & drones:
2 rockets were launched from the Khan Younis area of southern Gaza by an unknown Palestinian faction. Neither were intercepted, with the IDF claiming they hit an open area with no casualties.
2 rockets were ...
OIL MARKETS REACT SHARPLY TO ESCALATING MIDDLE EAST TENSIONS
š WTI CRUDE IS NOW FORECAST TO HIT $94.10 BY YEAR-END, UP OVER $21 IN A WEEK, ACCORDING TO KALSHI MARKETS.
THE JUMP FOLLOWS IRANāS CANCELLATION OF NUCLEAR TALKS WITH THE U.S., CITING ISRAELI AIRSTRIKES. WITH TENSIONS RISING, MARKETS ARE PRICING IN THE RISK OF REGIONAL ESCALATION AND POTENTIAL DISRUPTION TO OIL FLOWS THROUGH THE STRAIT OF HORMUZ, A KEY ROUTE FOR 20% OF GLOBAL OIL.
ANALYSTS WARN THAT A FULL CLOSURE OF THE STRAIT COULD PUSH PRICES ABOVE $120ā$150 PER BARREL. ...
