Australia orders Cryptolink Bitcoin ATMs offline over ‘basic reporting’ failures
Summary
Australia’s anti-money laundering regulator suspended Cryptolink’s Bitcoin ATM operations for three months over compliance concerns. AUSTRAC said the company failed to meet basic reporting obligations, especially threshold transaction reports, and did not respond to requests for information. The suspension follows earlier enforcement action after AUSTRAC’s crypto taskforce found alleged late reporting and weak risk assessments, plus a paid infringement notice. AUSTRAC said it remains concerned about the risk posed by high-value digital currency transactions through crypto ATMs. Cryptolink operates 96 ATMs across Australia, mainly in major cities.
