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
If your country allows buying bitcoin then its okay, but you still need to explained later to the tax department on how you get those money, its legal but if the amount you bought is too big and you do it quite often then it can become some problem, in my country you will be summoned by the tax officers and your bank account could be freeze if they found you got suspicious transactions in crypto, but I still think its better to teach your friend about bitcoin, more people using bitcoin will make bitcoin price become better