Overview
- Cryptolink, which had its VASP registration suspended on Aug. 9, 2026, had all 96 of its Australian crypto ATMs taken offline for three months.
- AUSTRAC said the action followed repeated failures to submit threshold transaction reports for cash transactions of A$10,000 or more and a refusal to respond to regulator information requests.
- The company had faced earlier enforcement in October 2025, when AUSTRAC issued a A$56,340 infringement notice and secured an enforceable undertaking over late reporting and weak AML/CTF risk assessments.
- Users who relied on cash‑to‑crypto ATMs must now use other channels to buy or sell coins, and authorities say the move aims to cut the flow of funds linked to scams and money‑mule activity.
- The suspension is the latest step in a broader tightening that includes a dedicated Crypto Taskforce, a A$5,000 cash limit at ATMs, and a July 2026 travel‑rule requiring more data on crypto transfers.