On the establishment of “EU Advances Digital ID Despite Security Concerns and Abuse” the inaugural centralized and entirely digital identification system for the entire European population, the European Parliament and the Council of the European Union reached a definitive agreement this week.
“Under the new law, the EU will offer its citizens so-called ‘digital wallets’ containing digital versions of their identification cards, driver’s licenses, diplomas, medical documents, and bank account information—at first voluntarily,” the European Conservative reported.
These documents will be recognized as means to access online services throughout Europe, and citizens will be able to prove their identity or share electronic documents from their wallets “with a click of a button,” the legislators hope.
The EU Commission issued the following statement on Wednesday: “This is a significant step toward the objectives for the digitalization of public services established for the Digital Decade 2030.”
The co-legislators agreement is presently awaiting the European Parliament and the Council’s formal sanction.
The European Digital Identity framework will become operational twenty days after its official publication in the Journal, after its formally adopted status.
A few weeks before the agreement, Christine Lagarde, the head of the European Central Bank, declared that the European Union was advancing the development of the digital Euro, its new central bank digital currency (CBDC).
The implementation of a comprehensive digital identity system inevitably exposes itself to the risk of widespread abuse, as opposed to the views of conservative EU parliamentarians and cybersecurity experts.
Wednesday, Dutch MEP Rob Roos issued the following warning on X:
“BREAKING: Very bad news. The European Parliament and Member States just reached an agreement on introducing the Digital Identity,” he said.
Roos observed that EU Commissioner Thierry Breton stated, “Now that we have a Digital Identity Wallet, we must place something in it…” about the agreement, implying a connection between CBDC and eID.
Over 500 privacy and cybersecurity experts from 39 countries affixed their signatures to a joint letter before the European Parliament’s decision, cautioning that the legislation “inadequately safeguards online communications and fails to adequately respect the right to privacy of citizens.”
Roos lamented that the majority of EU legislators “disregarded every privacy and security expert.” “They are exerting every effort to force it through.”
Although pessimistic, the Dutch conservative stated that “it is still not too late.”
In September of last year, the Biden White House issued a “Comprehensive Framework for Responsible Development of Digital Assets.” EU Advances Digital ID Despite Security Concerns and Abuse as we rapidly head into a Utopia.
Assistant Secretary of Housing and Urban Development during the H.W. Bush administration and a financial expert, Catherine Austin Fitts, has long been an outspoken opponent of CBDC systems.
During a recent interview, she issued a cautionary statement regarding the centralized control of a fully digital system and the potential restriction of an individual’s financial resources to a specific geographic region. She argued that such a totalitarian system could also permit the government to restrict what individuals are permitted to purchase.
The Federal Reserve has stated that it would only issue a CBDC in the presence of an authorizing law and has not yet reached a conclusion regarding the matter. Of course not, this is the FED we are talking about here. 🤡