Bitcoin · Cointelegraph
Australia orders Cryptolink Bitcoin ATMs offline over ‘basic reporting’ failures
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Australia’s financial watchdog has suspended Cryptolink’s registration for three months, adding to a crackdown that previously saw the Bitcoin ATM operator fined $56,340.
Key facts
- Australia’s financial watchdog has suspended Cryptolink’s registration for three months, adding to a crackdown that previously saw the Bitcoin ATM operator fined $56,340
- AUSTRAC CEO Brendan Thomas said Monday the company’s Virtual Asset Service Provider (VASP) registration has been suspended for three months starting Sunday, meaning its crypto ATMs will not
- The action follows an enforceable undertaking that Cryptolink entered into with AUSTRAC in October 2025, after its Cryptocurrency Taskforce identified alleged breaches including late transaction
- Cryptolink has 96 ATMs in Australia, allowing customers to exchange cash for Bitcoin
Summary
Australia’s anti-money laundering watchdog has suspended the operation of Cryptolink’s Bitcoin ATMs for three months, citing “ongoing concerns” about its compliance with anti-money laundering obligations. Australia has the highest number of crypto ATMs of all countries in the Asia-Pacific region. AUSTRAC CEO Brendan Thomas said Monday the company’s Virtual Asset Service Provider (VASP) registration has been suspended for three months starting Sunday, meaning its crypto ATMs will not be allowed to operate during that time. AUSTRAC said Cryptolink failed to meet basic reporting requirements, particularly threshold transaction reports, and did not respond to AUSTRAC’s request for information.