Will the value of STEEM go down, if Reserve Bank of India ban for converting crypto to fiat currency realizes?

in steem •  7 years ago  (edited)
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

To the question in your title, my Magic 8-Ball says:

My reply is no

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

Well I pray it doesn't come true, but of it does, north Korea decision didn't shut down the system, so cryptocurrency life will still continue.

I don't see the ban having any significant effect on the price of steem. From my interaction with my Indian friends, steemit/steem is not that popular in India just as several other cryptocurrencies. So overall, I do not envisage any significant effect.