> For the complete documentation index, see [llms.txt](https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/the-shuttleone-token/legal-and-compliance.md).

# Legal & Compliance

Legality and Disclaimers

## SZO Token Legal Opinion

SZO is structured as a utility token for the purpose of interacting with the ShuttleOne.Network and rewarding liquidity suppliers.

## Code Audits

SZO Contract Audits was done in April 2020 by Peckshield.

Please go through [the code audit report](https://github.com/shuttle-one/flyshuttleone/blob/master/SZO%20Audit%20Report%20April%202020.pdf) here.

## KYC & AML

ShuttleOne is currently [undergoing licensing application](https://github.com/shuttle-one/flyshuttleone/blob/master/Shuttle%20One%20-%20PS%20Act%20Assessment%20020620.pdf) in the Republic of Singapore under the new Digital Payment Token constitution in the 2019 Payment Services Act. In short the crypto law of Singapore.

From day 1, we’ve been designing the [ShuttleOne.Network](https://shuttleone.io/mainnet/) with the on-coming regulations in mind. 

If you intend to [wrap SZO for trading](https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/the-shuttleone-token/introduction/wrap-szo-token-for-trading), you are required to provide [KYC](https://shuttleone.network/szo/kyc/kyc_public.php).