Law360 reported that AUSTRAC has shut down 96 crypto ATMs associated with Cryptolink. The action affects a substantial network of machines used to provide in-person access to cryptocurrency transactions.
AUSTRAC, the Australian Transaction Reports and Analysis Centre, is Australia’s financial intelligence agency and a key regulator for anti-money-laundering and counter-terrorism-financing compliance. Its actions can have significant consequences for businesses handling digital-asset transactions.
Crypto ATMs are physical kiosks that can allow users to buy or sell digital assets, often using cash or other payment methods. They have drawn regulatory attention internationally because transactions conducted through such services may require safeguards designed to identify customers and detect suspicious activity.
The reported shutdown places Cryptolink’s 96 ATMs at the center of Australia’s continuing oversight of crypto-related financial services. It also underscores the practical importance of compliance controls for companies operating consumer-facing digital-asset infrastructure.
