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
well first of all you should know the existing laws on taxes on cryptocurrency in your place, if there is one just pay the assessed tax so the transfer would deem legal.
but as far as my knowledge is concern i think as long as the government doesn't impose ban trade of bitcoin any transaction as long as it is not for a criminal act should be legal.