Australia orders Cryptolink Bitcoin ATMs offline over ‘basic reporting’ failures
Australia’s financial watchdog has suspended Cryptolink’s registration for three months, adding to a crackdown that previously saw the Bitcoin ATM operator fined $56,340.
Australia's financial watchdog, AUSTRAC, has temporarily suspended the operation of Cryptolink's Bitcoin ATMs for three months due to concerns over its compliance with anti-money laundering regulations. The decision comes after AUSTRAC fined the Bitcoin ATM operator $56,340 in October 2025 for alleged breaches, including late transaction reporting and inadequate risk assessments.
Cryptolink operates 96 Bitcoin ATMs across Australia, primarily located in major cities such as Sydney, Melbourne, and Brisbane. Australian authorities have been intensifying efforts to curb the misuse of crypto ATMs for illicit activities since late 2024. AUSTRAC CEO Brendan Thomas stated that Cryptolink's Virtual Asset Service Provider (VASP) registration has been suspended, rendering its crypto ATMs inoperable during the suspension period.
The watchdog cited ongoing concerns regarding the company's ability to manage high-risk transactions through its ATMs. This action follows an enforceable undertaking Cryptolink entered into with AUSTRAC in October 2025, stemming from identified breaches and shortcomings in its risk management practices.
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