Australia’s financial intelligence agency has temporarily halted operations of a major cryptocurrency ATM network, citing ongoing failures to meet anti-money laundering and counter-terrorism financing rules.

AUSTRAC suspended the registration of Cryptolink Pty Ltd as a Virtual Asset Service Provider for three months, effective from 9 August 2026. As a result, the company’s 96 cryptocurrency automatic teller machines (CATMs) across the country can no longer function.

These machines enable users to convert physical cash into digital assets. Cryptolink had built a substantial presence in the sector, with units typically located in high-traffic areas of major cities.

The suspension means the firm is barred from offering the virtual…