Australia’s financial intelligence agency has gone from watching crypto ATMs multiply to actively pulling the plug on operators that can’t follow the rules. AUSTRAC, the country’s anti-money laundering regulator, suspended Cryptolink Pty Ltd’s registration, taking 96 crypto ATMs offline starting August 9, 2026, after finding the operator failed to meet basic compliance obligations.

The suspension caps a multi-year escalation that has transformed Australia’s approach to the fast-growing crypto ATM sector, which ballooned from just 23 machines in 2019 to roughly 1,800 in recent years.

What AUSTRAC is actually doing

In July 2025, AUSTRAC rolled out nationwide operational requirements for crypto ATM providers,…