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Virginia county Fairfax commits $35M to Van Eck crypto lending fund

Virginia county Fairfax has begun investing a portion of a $35 million allotment into a cryptocurrency lending fund managed by global asset managers VanEck.The firm announced that it had received an initial tranche of the investment commitment from Fairfax County, which is allocating funds from two retirement systems into a

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Asset Manager Van Eck Says Stablecoins Should Be Treated as Investment Funds, Not Banks

Second, van Eck recommended not forcing tax withholdings on stablecoins in the future. That move would give stablecoins an opportunity to prove their value in the U.S. “Most stablecoins currently don’t pay dividends,” he wrote. “We need, however, to imagine a day when stablecoins pay interest and plan technologically and

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