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