In brief
- AUSTRAC suspended Cryptolink’s VASP registration for three months from August 9, shutting its 96 crypto ATMs.
- The trigger was missed “basic reporting obligations,” especially threshold transaction reports, plus ignored information requests.
- It follows an October 2025 enforceable undertaking and a $56,340 fine the company already paid.
Australia’s financial-crime regulator AUSTRAC has pulled the plug on the country’s largest Bitcoin and crypto ATM network.
The Australian Transaction Reports and Analysis Centre said on Monday it suspended Cryptolink Pty Ltd’s registration as a Virtual Asset Service Provider, or VASP, for three months, effective August 9, after the company failed to keep up with its anti-money-laundering paperwork.
