FSMA, CONSOB and the Czech National Bank are pushing funded-trader firms towards MiFID II just as the CFTC's My Forex Funds case collapsed in sanctions.
Wise FY26 cross-border volume rose 25% to £181.7bn and customers hit 18.9m, even as its take rate fell to 51bps — the volume flywheel that defies neobank fee logic.
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