Australia’s anti-money laundering watchdog has suspended the operation of Cryptolink’s Bitcoin ATMs for 3 months, citing “ongoing considerations” about its compliance with anti-money laundering obligations.
Australia has the highest variety of crypto ATMs of all nations within the Asia-Pacific area. Australian authorities have been cracking down on the prison use of crypto ATMs since a minimum of late 2024.
AUSTRAC CEO Brendan Thomas mentioned Monday the corporate’s Digital Asset Service Supplier (VASP) registration has been suspended for 3 months beginning Sunday, which means its crypto ATMs won’t be allowed to function throughout that point.
AUSTRAC mentioned Cryptolink failed to satisfy fundamental reporting necessities, notably threshold transaction reviews, and didn’t reply to AUSTRAC’s request for data.
“As a part of our continued deal with digital foreign money as a cash laundering threat, AUSTRAC has ongoing considerations in regards to the firm’s means to handle high-risk transactions by its CATMs,” mentioned Thomas.
The motion follows an enforceable enterprise that Cryptolink entered into with AUSTRAC in October 2025, after its Cryptocurrency Taskforce recognized alleged breaches together with late transaction reporting and shortcomings in Cryptolink’s threat assessments. AUSTRAC additionally issued a $56,340 infringement discover, which Cryptolink paid.
Cryptolink has 96 ATMs in Australia, permitting clients to alternate money for Bitcoin. Most of its ATMs are situated in main cities together with Sydney, Melbourne and Brisbane.
Cointelegraph reached out to Cryptolink for remark.
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