AUSTRAC Suspends Cryptolink Operations, Taking Crypto ATMs Offline Over Compliance Concerns

Australia’s financial intelligence agency has temporarily halted operations of a major cryptocurrency ATM network, citing ongoing failures to meet anti-money laundering and counter-terrorism financing rules.

AUSTRAC suspended the registration of Cryptolink Pty Ltd as a Virtual Asset Service Provider for three months, effective from 9 August 2026. As a result, the company’s 96 cryptocurrency automatic teller machines (CATMs) across the country can no longer function.

These machines enable users to convert physical cash into digital assets. Cryptolink had built a substantial presence in the sector, with units typically located in high-traffic areas of major cities.

The suspension means the firm is barred from offering the virtual asset services covered by its registration during the three-month period.

AUSTRAC Chief Executive Brendan Thomas explained that the decision stemmed from persistent worries about the operator’s capacity to handle elevated-risk activity through its machines.

Digital currency remains a priority focus for the agency because of its potential role in illicit finance.

Thomas noted that while Cryptolink had previously satisfied the terms of an earlier agreement, it later fell short on fundamental reporting duties.