Australia suspends Cryptolink’s 96 Bitcoin ATMs for three months

Australia’s financial intelligence agency has suspended Cryptolink’s crypto ATM operations for three months after finding failures in transaction reporting and raising ongoing concerns over the company’s handling of high-risk activity. Summary Cryptolink’s 96 Bitcoin ATMs have been suspended for three months over compliance concerns. AUSTRAC cited failures involving threshold transaction reports and an unanswered information request. Cryptolink previously paid a A$56,340 penalty after alleged reporting and risk assessment failures. Australia has tightened crypto ATM controls after authorities linked the machines to scams and money laundering risks. According to the Australian Transaction Reports and Analysis Centre, Cryptolink’s registration as a virtual asset service provider was suspended from Aug. 9, preventing the company from operating its 96 Bitcoin ATMs during the three-month period. AUSTRAC CEO Brendan Thomas said the regulator remained concerned about Cryptolink’s ability to manage high-risk transactions through its crypto ATMs. The latest action follows an enforceable undertaking imposed on the operator in October 2025 over separate compliance failures identified by the a...