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
You can yes do that unless and until you don't have any issues. I don't think purchasing bitcoin or other crypto currencies to someone will be illegal. We do have authorities who deny ICOs to involve their citizens to trade the new coins. I recently helped my dude to purchase around .040 BTC in local fiats. We purchased using LBC. The transaction was smooth and quick. I assisted him to open up a wallet with Coinbase. Activated security features provided. The bitcoin is safe now.
I would suggest you to make sure you teach them whats required after you purchase the bitcoin for them as that is very important keeping them safe.