Offshore account

A bank account that is registered in a country other than the one in which the owner was born is called an offshore account.

Altcoin

Altcoin is the term given to describe alternative digital assets, such as a coin or token that is not Bitcoin. This nomenclature comes from the idea that Bitcoin is the original cryptocurrency and that all others are then considered “alternate” or “alternative” coins.

Coin

Cryptocurrencies known as coins run on separate blockchains and are unrelated to other coins. Such a cryptocurrency's single unit is also known as a coin.

Fiat

Fiat money, often known as fiat currency, is money that a government has recognized as legal tender and that it supports.