European Union: European Commission published Single Market Strategy including user identification requirements

On 21 May 2025, the European Commission published a communication setting out a Single Market Strategy aimed at simplifying regulatory obligations and improving cross-border trade and competitiveness within the EU. The strategy outlines forthcoming initiatives to digitalise regulatory procedures and promote secure cross-border digital interactions. It includes plans to roll out the EU Digital Identity Wallet for individuals and a European Business Wallet for companies, enabling digital authentication and verified data sharing. These measures are intended to streamline compliance, facilitate regulatory engagement, and support legally valid digital identity frameworks across the Single Market.