Few of my friends in Asia wants me to buy Bitcoin and transfer into their Bitcoin wallets. As they are not tech savy and dont have trusted tech people near them, they dont want to risk their money. Is it legal for me to receive USD wire transfers through my bank from them, purchase Bitcoin from Coinbase and ship them the hardware wallet with Bitcoins that I bought?
If it is legal, are there any tax implications? Are there any limits on how much can be transacted?
Thanks.
Only if you trust and know exactly sources of their money so they dont transfer from an hacked account to you.. Question them very well before embark on this kinds of journet. Goodluck!!