Bitcoin
Australia suspends Cryptolink Bitcoin ATM registration for three months
Australia's financial regulator has halted Cryptolink's operations over compliance failures, following an earlier $56,340 penalty against the Bitcoin ATM operator.
Australia's anti-money laundering watchdog, AUSTRAC, has suspended Cryptolink's Virtual Asset Service Provider registration for three months beginning Sunday, effective immediately halting operations of its 96 Bitcoin ATMs across the country. The suspension stems from the company's failure to meet basic reporting requirements, particularly threshold transaction reports, and its non-responsiveness to AUSTRAC information requests.
AUSTRAC CEO Brendan Thomas said the regulator holds ongoing concerns about the company's capacity to manage high-risk transactions through its cryptocurrency ATMs. This action builds on an enforceable undertaking Cryptolink entered in October 2025 after the Cryptocurrency Taskforce identified breaches including late reporting and deficient risk assessments. The operator subsequently paid a $56,340 infringement notice.
Cryptolink maintains most of its ATMs in major Australian cities including Sydney, Melbourne and Brisbane. The suspension is part of a broader regulatory crackdown on criminal use of crypto ATMs in the region, with Australia hosting the highest concentration of such machines across Asia-Pacific.
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