- AUSTRAC suspended Cryptolink’s registration for three months starting Sunday.
- The regulator cited reporting failures and no response to an information request.
- Cryptolink runs 96 Bitcoin ATMs in Australia and previously paid a $56,340 notice.
Australia has ordered Cryptolink ATMs offline for three months after AUSTRAC raised concerns about the company’s anti-money laundering compliance. The suspension applies to Cryptolink’s Virtual Asset Service Provider registration and began on Sunday, according to AUSTRAC CEO Brendan Thomas. The regulator said Cryptolink ATMs were linked to basic reporting failures, especially threshold transaction reports, and said the company did not respond to a request for information. The decision adds to earlier action against the operator after AUSTRAC’s Cryptocurrency Taskforce identified alleged breaches. Cryptolink ATMs are part of a wider crypto ATM market in Australia, where authorities have been increasing scrutiny of criminal risks tied to these machines.
Cryptolink ATMs suspended for three months
AUSTRAC said Cryptolink’s registration has been suspended for three months, which means the company’s crypto ATMs cannot operate during that period. Brendan Thomas said the suspension started on Sunday and tied the decision to ongoing concerns about the company’s compliance with anti-money laundering obligations.
The regulator said the company failed to meet basic reporting requirements. It highlighted threshold transaction reports and added that Cryptolink did not respond to AUSTRAC’s request for information. Thomas also said AUSTRAC remained concerned about the company’s ability to manage high-risk transactions through its crypto ATMs.
Previous enforcement against Cryptolink
The latest action follows an enforceable undertaking that Cryptolink entered into with AUSTRAC in October 2025. That earlier step came after AUSTRAC’s Cryptocurrency Taskforce identified alleged breaches, including late transaction reporting and shortcomings in the company’s risk assessments.
AUSTRAC also issued a $56,340 infringement notice, which Cryptolink paid. The new suspension shows that the regulator’s concerns did not end with the earlier undertaking and that compliance issues tied to Cryptolink ATMs remained a live issue for the watchdog.
Australia scrutiny of Cryptolink ATMs
Australian authorities have been targeting the criminal use of crypto ATMs since at least late 2024. AUSTRAC said its continued focus on digital currency is part of its work on money laundering risk, placing Cryptolink ATMs within a broader enforcement push rather than a standalone case.
Australia has the highest number of crypto ATMs in the Asia-Pacific region. Cryptolink operates 96 ATMs in the country, and most are located in major cities including Sydney, Melbourne and Brisbane. Those machines allow customers to exchange cash for Bitcoin, making Cryptolink ATMs a visible part of the market now affected by the suspension.
Conclusion
The suspension of Cryptolink ATMs marks another enforcement step by AUSTRAC as it increases pressure on crypto ATM operators over anti-money laundering controls. The regulator said the company failed basic reporting requirements, especially threshold transaction reports, and did not respond to an information request. The move also follows an October 2025 enforceable undertaking and a $56,340 infringement notice that Cryptolink paid. With 96 machines across Australia, mainly in Sydney, Melbourne and Brisbane, Cryptolink ATMs are now offline for three months. The case also fits into Australia’s wider crackdown on the criminal use of crypto ATMs that has been underway since at least late 2024.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
Featured image created by AI
