Legal pitfalls to note before investing in NFTs

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

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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