Hello all
Been lingering about this forum for a while but never registered until now.
Got a question regarding the selling of coin in the UK via bank transfer, say someone I know has done it a few times in the last couple of months in quite big denominations, £50 to £400 at a time, averaging about £150 a time, would there be any repercussions from this? would the bank start asking questions? say each month there has been about 3k going in from these transactions what would happen, if anything?
Also I know the law regarding bitcoin in the uk but not 100% completely aware of it, as it's such a misunderstood subject in the world.
Thanks in advance.