I was curious as to whether is it legal/allowed to buy bitcoins (from a friend for example) from another country where the value is less and then sell the bitcoins in the UK, for a profit.
I'm new to bitcoin in general and still a student at University.
If this is legal to do, is there any information, or could you provide information as to how I would go about setting up a Bank Account that would accept large volumes of money going into the account due to bitcoin selling, as well as using that account to purchase bitcoins from abroad. And what are things that I should look out for, any legal issues etc?
Appriciate your time and help people.