the VPN ban talk

You mean this here? https://privacyradar.com/news/vpn/eu-vpn-crackdown-age-verification-security-backlash/

In this case, keep in mind that Mullvad is Swedish, and thus based in Europe.

I am using it and am also wondering how potential European anti-VPN-initiatives might affect it.

Regarding my experiences with Mullvad:
Generally not bad, comes with a easy-to-use Linux app that appears to be solid.
Usage of P2P works well for me.
Only issue is that some websites (e.g. reddit) detect it and block access to the public part of their service (at least without login).