Quote from: newwest on March 06, 2018, 05:24:40 PM

Quote from: chrisss01 on March 06, 2018, 02:28:46 AM

Hi, Can some one advise

My friend wanted to invest in bitcoins He wanted to give me say £1000 from his bank and gave it to me in cash, If I was to say put the cash into my bank and set up buying bitcoins from my online account would this be legal? , He has no knowledge on how to buy or trade them..

Thank you

It is legal as everything will be done from a bank transaction. You and your friend both would have to pay tax if your income comes under tax bracket or whatever is the rule of your country. Another thing is that you can teach him how to do it so that he can do it form next time by himself unless you will get some extra % for doing this than it is a different story.

Yes, I agree with this statement.