Binance has received approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate cryptocurrency custody services. This Financial Services License (FSP) will enable Binance to provide custody services to professional clients, provided they meet the FSP conditions outlined by the FSRA. In April 2022, Binance received in-principle approval (IPA) from the ADGM regulator to operate as a broker-dealer for virtual assets. This is undoubtedly a great thing, and Binance is moving in a strong direction again!