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It won't get you VAC banned, and it wouldn't get your account suspended while purchasing a game on Steam.
If it doesn't tamper with memory, it's not interesting for VAC.
Account can be suspended if the purchase was made with fraud money or other illegal means.
Overall Shadowplay is (apparently) like any video capture soft, only less resource using.
(Not that it's even registered as a network adapter anyway ;p)
Thank you for your reply, I was worried whether I should I un-install it. That cleared my thoughts.
Thanks for the quick answer, I now understand of the matter.
Again it's official NVIDIA and deemed safe.
If u don't want that extra stuff on your machine (like u do not use Streaming and such) you can disable such service under Control Panel > Admin Tools > Services
Or simply uninstall Geforce Experience and leave the NVIDIA GPU Drivers + PhysX installed.
however, if they haven't been compromised, then no legitimate software will get you a vac ban.
Nice necro skills btw
You find it in this path ...
>>>Computador\HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows\CurrentVersion\Run<<<
There you find a REG_SZ value named ShadowPlay >>>A null-terminated string. An Unicode or an ANSI string<<<
Just remove it.