Australia forces 96 Cryptolink crypto ATMs offline in AML crackdown

Australia’s anti-money laundering authority has put a halt to the registration of Cryptolink, resulting in the shutdown of 96 cryptocurrency ATMs. This move comes as countries such as the United States, Canada, and Europe have started to clamp down on cash-to-cryptocurrency kiosks, facilities that are increasingly being linked with fraud and other financial crimes.

The registration of Cryptolink Pty Ltd was suspended for three months starting from August 9, 2026, by the Australian Transaction Reports and Analysis Centre (AUSTRAC), consequently causing the company to stop the use of its machines during the suspension. The suspension comes on the heels of an earlier penalty of A$56,340 imposed on Cryptolink in October 2025, as well as its enforceable undertaking concerning the late reporting of major cash transactions and concerns regarding its anti-money laundering practices and terrorism financing risk assessments.

The current action by AUSTRAC against the operator is yet another indication that regulators are becoming increasingly intolerant in an industry that has always promoted crypto ATMs as simple ways of buying crypto assets with cash.

… Continue reading the full article at the original source below.