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RIO DE JANEIRO Yannick Ngakoue Rush Jersey , Dec. 13 (Xinhua) -- Brazilian and Peruvian central banks warned on Wednesday of potential risks posed by cryptocurrencies, or virtual currencies, best known for Bitcoins.


"Cryptocurrencies, in the form they are today, with this vertiginous climb ... without nothing to regulate Myles Jack Rush Jersey , pose such risks that the central bank has issued a warning statement about them," Ilan Goldfajn, president of the Central Bank of Brazil (BCB), said at a press conference.


In a statement issued in late November, the BCB warned of the potential negative consequences of digital currencies.


Cryptocurrencies do not have the same guarantees as sovereign currencies Dede Westbrook Rush Jersey , "nor are they anchored in real assets of any kind, which places all the risks in the hands of their owners," the statement said.


"Their value comes only from the trust that individuals place in their emitters," it continued.


Goldfajn said Wednesday that cryptocurrencies are a "typical bubble" which regulatory entities "must not incentivize."


"This is not something we should support," he added.


Also on Wednesday Dawuane Smoot Rush Jersey , Julio Velarde, president of the Central Reserve Bank of Peru, said bitcoins as the largest cryptocurrency pose a very high risk.


Velarde told the press he personally would not invest in this currency as he saw it as having no security, even though the Chicago Stock Exchange has begun accepting bitcoins, sending its value skyrocketing.


Bitcoins Cam Robinson Rush Jersey , the first and largest cryptocurrency created in 2009, have seen runaway growth this year, hitting a value of 5,000 U.S. dollars around September, to further pass 18 Leonard Fournette Rush Jersey ,000 dollars in early December.






BEIJING, Dec. 24 (Xinhua) -- Small and micro enterprises have earned most attention from banks for the first time, according to a report by China Banking Association (CBA).


Around 65 percent of the surveyed bankers took the businesses as their key potential clients for the future, the report showed.


In recent years, the banks' recognition and dispersal of risk has been strengthened and management of lending to small businesses improved DJ Chark Rush Jersey , according to the survey.


Increasing lending to these businesses will adjust the credit structure and generate new profit points as competition increases, said the report.


In a bid to improve credit support for small and micro-sized enterprises, startups and agricultural production, China's central bank announced a targeted re.