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 depends on the law of your country. However this kind of transaction is not illegal in most of countries. Well you can confirm it from your country's penal code and code of conduct. Also make sure you tell your friend about all the basics of bitcoin. And the advantages, disadvantages and consequences of bitcoin market, trading and investment.
P.S.: It would be good to tell your friend before hand out everything so that he can make wise and well informed decision!!