EGBA Hails EU’s Standardised e-ID for Online Authentication

Embracing Change: EGBA Applauds New European e-ID Law

In a pivotal move towards enhancing online security and user convenience, the European Gaming and Betting Association (EGBA) has embraced the European Union’s new electronic identification (e-ID) law. As a gambling professional, let’s delve into the implications of this groundbreaking regulation and its potential impact on the online gambling industry.

Elevating Online Security: EU’s Standardised e-ID

The EGBA welcomes the EU’s standardized e-ID process, designed to address privacy and security concerns in online authentication. Approved on 5 March, this regulation mandates member states to provide citizens with a secure electronic identification method for online transactions.

Voluntary Adoption and Industry Impact

While member states are obligated to offer e-ID, its adoption by businesses and citizens remains voluntary. However, the EGBA anticipates widespread utilization, expecting it to enhance online trustworthiness and streamline user experiences. Once passed by the EU Council of Ministers, the law will come into effect by summer 2024, impacting all EU member states immediately.

EGBA’s Endorsement and Industry Influence

As the voice of online gambling operators in the EU, EGBA Secretary General Maarten Haijer expresses confidence in the e-ID’s potential to revolutionize online gaming services. With esteemed members like bet365 and William Hill, EGBA advocates for consumer protection and industry advancement, serving over 31.2 million customers across 267 online gambling licenses.

Transforming Online Gaming Services

EGBA has long championed the e-ID, recognizing its capacity to elevate security standards, safeguard data, and uphold user privacy in online gambling. This strategic alignment underscores the association’s commitment to fostering a safer and more transparent online gaming environment across the EU.

Continued Advocacy and Collaborative Efforts

This landmark development follows EGBA’s recent appointment of Frankfurt as the headquarters of the Anti-Money Laundering Authority (AMLA) in the EU’s broader anti-money laundering initiative. Haijer’s exclusive interview with the Huddle at ICE London underscores EGBA’s proactive engagement in shaping regulatory frameworks and industry practices.

Conclusion: As the online gambling landscape evolves, EGBA’s endorsement of the EU’s e-ID law marks a significant stride towards enhancing cybersecurity and user trust in online gaming services. With regulatory frameworks aligning with industry needs, the future promises a safer, more seamless, and transparent online gaming experience for players across the European Union.

The post EGBA Hails EU’s Standardised e-ID for Online Authentication appeared first on Gamingo News.

Embracing Change: EGBA Applauds New European e-ID Law In a pivotal move towards enhancing online security and user convenience, the European Gaming and Betting Association (EGBA) has embraced the European Union’s new electronic identification (e-ID) law. As a gambling professional, let’s delve into the implications of this groundbreaking regulation and its potential impact on the
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