Set up a breading station with three shallow bowls: add flour to the first; whisk eggs and milk in the second; in the third, combine panko breadcrumbs, garlic powder, onion powder, smoked paprika, salt, and pepper.

Pat the unwrapped Babybel cheese rounds dry with paper towels.

Working one at a time, coat each cheese round in flour, shaking off excess. Dip into the egg mixture, then roll in the seasoned panko to coat.

For a thicker crust, dip each coated cheese round back into the egg mixture, then again into the panko, pressing gently so the crumbs adhere well.

Place the breaded cheese rounds on a plate or tray and freeze for 10 to 15 minutes to help the coating set and prevent the cheese from leaking.

While the cheese chills, preheat the air fryer to 380°F and lightly grease the basket with olive oil spray.

Arrange the chilled, breaded cheese rounds in a single layer in the air fryer basket, leaving a little space between each piece. Spray the tops lightly with olive oil spray.

Air fry at 380°F for 5 to 7 minutes, flipping halfway through, until the coating is golden brown and crisp and the cheese is just starting to soften.

Let the cheese rounds rest for 1 to 2 minutes, then garnish with chopped parsley if desired and serve immediately with your favorite dipping sauce.