According to @paoloardoino, the narrative blaming Europe’s economic decline on stablecoins and AI is misguided, as he referenced a related post by Pavel Durov, highlighting ongoing policy tensions that traders should track in the EU market source: https://twitter.com/paoloardoino/status/1987560151705063608; https://x.com/durov/status/1987543152790851914. Under MiCA, rules for asset‑referenced tokens and e‑money tokens have applied across the EU since June 2024, prompting exchanges to transition EEA users toward regulated, MiCA‑compliant stablecoins and restrict non‑compliant ones source: https://eur-lex.europa.eu/eli/reg/2023/1114/oj; https://www.binance.com/en/blog/ecosystem/binance-to-transition-to-regulated-stablecoins-for-european-users-8131673318019813489. Circle obtained an e‑money institution license in France, enabling issuance of MiCA‑compliant USDC and EURC within the EU, creating onshore stablecoin options that exchanges can support for EEA users source: https://www.circle.com/blog/circle-receives-electronic-money-institution-license-in-france. Traders should monitor issuer authorization labels and liquidity changes around MiCA compliance milestones and exchange transitions in the EEA, as these rules determine which stablecoins can be offered locally and in what form source: https://eur-lex.europa.eu/eli/reg/2023/1114/oj; https://www.binance.com/en/blog/ecosystem/binance-to-transition-to-regulated-stablecoins-for-european-users-8131673318019813489. Separately, the EU AI Act received final approval in 2024, introducing phased obligations for general‑purpose AI services from 2025, a regulatory factor for projects offering AI‑powered crypto services to EU users source: https://www.consilium.europa.eu/en/press/press-releases/2024/05/21/artificial-intelligence-act-council-gives-final-green-light-to-the-first-worldwide-rules-on-ai/.