The Australian Transaction Reports and Analysis Centre (Austrac), Australia‘s anti-money laundering watchdog, suspended the operations of the country’s largest crypto ATM operator for three months on Aug. 10.

A crypto ATM is a physical kiosk that allows users to buy or sell cryptocurrencies like Bitcoin (BTC) using cash or a debit card. Unlike traditional bank ATMs that connect to a user’s bank account, these kiosks connect directly to a crypto exchange or wallet over the internet.

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Regulator says Cryptolink failed to meet basic reporting requirements

Austrac said that Cryptolink failed to meet basic reporting requirements, such as threshold transaction…