Glossary
Cryptocurrency
A crypto-asset and means of payment based on blockchain or similar technology and cryptography, which allows transactions to be carried out without the involvement of traditional financial institutions. Cryptocurrencies are neither guaranteed nor backed by a central bank like traditional currencies, which is why they are often also referred to as virtual currencies.
Currency
The official monetary unit and system of money in common use within a particular country or economic region. It typically consists of coins and banknotes issued by a government or central bank and is recognised as legal tender.
Currency - glossary for children
The official money used in a country or group of countries.
Current account
A bank product designed for the daily management of funds, including deposits, withdrawals, and making payments. A debit card is often issued with the account.
Current Account - glossary for children
A bank account used to pay, transfer, and receive money.
Customs Duty (Tariff)
A tax imposed on the import or export of goods when crossing the borders of a country or a customs union, aimed at protecting the domestic market, promoting local production, and generating revenue for the state budget.
Cybersecurity
A set of policies, technologies, processes, and actions aimed at protecting computer systems, networks, and data from unauthorized access, malicious attacks, damage, information leakage, or service disruption. The goal of cybersecurity is to ensure the so-called “security triad” of information and digital systems –Confidentiality, Integrity, Availability (CIA).
Partners
