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BITCOIN ETF APPROVED BUT RBI GOVERNOR SAYS ITS BADIn Short � The RBI governor calls for ban on currencies such as Bitcoin and Ether � Central Bank perceives crypto as a pure form of gambling. Former governor of the Indian central bank Raghuram Rajan said that the collapse in crypto prices last year suggests that the industry has. The governor of the Reserve Bank of India (RBI) says cryptocurrencies have huge risk, particularly for emerging market economies.