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Legal pitfalls to note before investing in NFTs

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Visitors view an art installation which will be converted into an NFT and auctioned online, in Hong Kong on Sept 30, 2021.

PHOTO: REUTERS

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SINGAPORE - If you have paid $1 million for a rare painting, chances are you won't be displaying it at a public area for passers-by to enjoy.
Instead, the painting will probably be kept in your study where only you and your loved ones can look at the artwork, which is essentially an expensive item for private enjoyment.
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