Cryptolink’s 96 Bitcoin ATMs Suspended by Australian Regulator

Australia’s financial watchdog has suspended Cryptolink’s Bitcoin ATM operations for three months, citing concerns about the operator’s compliance with anti-money-laundering obligations. The action follows an earlier enforcement undertaking and a $56,340 infringement notice that Cryptolink paid.

What AUSTRAC Ordered and Why

AUSTRAC CEO Brendan Thomas said Monday that Cryptolink’s Virtual Asset Service Provider registration had been suspended for three months starting Sunday. During that period, the company’s crypto ATMs are not allowed to operate, according to AUSTRAC’s statement.

The regulator said Cryptolink failed to meet basic reporting requirements, particularly threshold transaction reports, and did not respond to AUSTRAC’s request for information. AUSTRAC said it had ongoing concerns about the company’s ability to manage high-risk transactions through its crypto ATMs.

Cryptolink has 96 ATMs in Australia, allowing customers to exchange cash for Bitcoin. Most of the machines are located in major cities including Sydney, Melbourne and Brisbane.

Earlier Compliance Action

The suspension follows an enforceable undertaking Cryptolink entered into with AUSTRAC in October 2025. AUSTRAC’s Cryptocurrency Taskforce had identified alleged breaches, including late transaction reporting and shortcomings in Cryptolink’s risk assessments, according to a Cryptolink media release.

AUSTRAC also issued Cryptolink a $56,340 infringement notice, which the company paid. The three-month suspension adds to the regulatory action taken against the operator over its reporting and compliance practices.

Australia’s Crypto ATM Crackdown

Australia has the highest number of crypto ATMs of any country in the Asia-Pacific region. Australian authorities have been cracking down on the criminal use of crypto ATMs since at least late 2024.

AUSTRAC has described digital currency as a money-laundering risk and said its concerns in the Cryptolink case relate to the management of high-risk transactions through crypto ATMs. The action places one of Australia’s larger crypto ATM networks offline for the duration of the suspension.

What the Suspension Means

Cryptolink’s 96 machines cannot operate while its registration is suspended. Customers who used the kiosks to exchange cash for Bitcoin will not be able to use Cryptolink’s ATMs during the three-month period.

Cointelegraph reached out to Cryptolink for comment. The suspension follows AUSTRAC’s earlier undertaking and infringement notice and reflects the regulator’s stated concerns about the company’s reporting obligations and its management of high-risk transactions.