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I wanted to be certain though, so I asked here.
The bottom line is this: If your friend can gift you the game via Steam and you can accept and activate it, there's absolutely nothing wrong and you're breaking no rules.
Steam allows retail keys to be activated, but a lot of the keys on those grey market sites are bought with stolen credit cards and ultimately revoked. That's the issue, not that they were buying the keys from any particular site.
That's one of the reasons you should stay within the Steam eco-system when buying games and trading, you can't really go wrong.