Cryptolink's Crypto ATMs Shut Down Amid AUSTRAC Crackdown

Australia's anti-money laundering regulator has suspended the registration of Cryptolink Pty Ltd, the country's largest Bitcoin and crypto ATM network. The move follows a series of failures by the company to meet its reporting obligations, including missing threshold transaction reports and ignoring information requests from AUSTRAC.

The suspension is effective from August 9, 2025, and will remain in place for three months until November 9, 2026. Cryptolink has previously paid a $56,340 fine for alleged late reporting and weak risk assessments.

AUSTRAC CEO Brendan Thomas stated that the company's failure to meet its obligations made it 'too high risk to continue operating at present.'

The suspension of Cryptolink's registration is seen as a warning shot to the sector, with regulators increasingly treating crypto ATMs as a potential scam and laundering channel.