Cryptolink Bitcoin ATMs Halted in Australia Over Anti-Money Laundering Concerns

Australia's anti-money laundering watchdog has suspended Cryptolink's Bitcoin ATMs for three months, citing ongoing concerns about its compliance with anti-money laundering obligations.

Cryptolink operates 96 ATMs in Australia, allowing customers to exchange cash for Bitcoin. The majority of these machines are located in major cities such as Sydney, Melbourne, and Brisbane.

The suspension follows an enforceable undertaking entered into by Cryptolink with AUSTRAC in October 2025, after its Cryptocurrency Taskforce identified alleged breaches including late transaction reporting and shortcomings in Cryptolink's risk assessments. AUSTRAC also issued a $56,340 infringement notice, which Cryptolink paid.

AUSTRAC CEO Brendan Thomas stated that the company failed to meet basic reporting requirements, particularly threshold transaction reports, and did not respond to AUSTRAC's request for information.