1.

XCHF meaning in Cryptocurrency ?

Answer»

The CryptoFranc (XCHF) is a stable coin bound to the Swiss Franc and classifies as a payment token in accordance with the FINMA ICO guidelines.

Each token represents a claim of one Swiss Franc against the Issuer backed by a bank guarantee. The CryptoFranc (XCHF) was launched by Swiss Crypto Tokens AG, a asubsidiary of Bitcoin Suisse AG on November 1st, 2018 as a bond and was converted into a payment token as of Jan 1, 2021.

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