According to CoinMeta, three major financial regulatory agencies in the European Union warned in their autumn risk assessments that advanced quantum computers could undermine existing cryptographic systems before they become commercially viable, affecting the security of communications, transactions, databases, and blockchain networks. The report indicates that quantum computers may possess the capability to crack encryption long before any feasible commercial applications emerge. The regulators also identified three emerging vulnerabilities in the EU's financial system: dependence on non-EU entities, cyber risks, and threats driven by artificial intelligence. Although the overall system remains resilient, it is crucial to remain vigilant and prepared.