Australia Forces 96 Crypto ATMs Offline as Regulator Suspends Cryptolink

The operation of 96 cryptocurrency ATMs across Australia ground to a halt this week after the country’s financial intelligence watchdog suspended provider Cryptolink for failing to submit required transaction reports and ignoring a formal request for information.

The enforcement action, reported by the original report, immediately forced the machines offline and disrupted a key on-ramp for retail crypto users.

The regulator, which did not name the entity in its disclosure, typically handles anti-money laundering and counter-terrorism financing compliance for digital currency exchanges.

Missing transaction reports are a red flag under Australia’s AML/CTF framework, and Cryptolink’s refusal to engage with authorities turned a routine audit into an operational shutdown.