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On June 9, 2026, the Council of the European Union adopted its negotiating position on the proposal to establish European business wallets, a digital tool designed to simplify and secure business interactions across the EU between companies and with public administrations. European business wallets will build on the eIDAS2 framework to enable companies to digitalise operations that currently require in-person processing. The initiative will provide a harmonised European solution allowing secure, cross-border communication and document exchange for businesses operating in multiple member states. Companies using a European business wallet will be able to verify identity digitally, create and store trusted documents including verified licenses and permits, sign and timestamp documents electronically, delegate legal authority to representatives, and communicate securely with other businesses or public administrations. Key provisions of the Council's position include interoperability requirements specifying that European business wallets should complement rather than replace existing national business-to-business and business-to-government systems. The Council emphasised that while digital actions via European business wallets are largely recognised as legally equivalent to traditional paper-based processes, national administrative and procedural requirements remain applicable. To enhance cybersecurity, the Council raised the threshold for European business wallet provider authorisation and introduced an obligation for the European Commission to adopt implementing acts detailing submission requirements for aspiring providers. National supervisory bodies reviewing provider applications have been accorded extended deadlines of up to 60 days instead of the initially proposed 30 days. In cases of systemic non-compliance by providers, the Council ensured stronger involvement of national supervisory bodies. The Council's adoption of this position demonstrates member states' commitment to reaching a final agreement before the end of 2026, as requested by EU leaders in March 2026. Negotiations with the European Parliament under the ordinary legislative procedure may now begin once the Parliament adopts its position.