AUSTRAC suspends Cryptolink's VASP registration for 3 months, 96 Bitcoin ATMs halted
2026-08-10 04:45
Odaily News: The Australian Transaction Reports and Analysis Centre (AUSTRAC) has announced the suspension of digital asset ATM operator Cryptolink's Virtual Asset Service Provider (VASP) registration for a period of 3 months, effective from Sunday, during which its Bitcoin ATMs must not operate.
AUSTRAC stated that Cryptolink failed to meet basic reporting requirements, particularly by not submitting threshold transaction reports and failing to respond to information requests. The agency said it continues to have concerns about Cryptolink's ability to manage high-risk transactions processed through cryptocurrency ATMs.
This measure comes after Cryptolink entered into an enforceable undertaking with AUSTRAC in October 2025. Previously, the Cryptocurrency Taskforce found suspected late transaction reporting and inadequate risk assessments, and AUSTRAC additionally issued a penalty notice of $56,300, which Cryptolink has paid. The company operates 96 ATMs across Australia, with the majority located in major cities such as Sydney, Melbourne, and Brisbane. (Cointelegraph)
AUSTRAC stated that Cryptolink failed to meet basic reporting requirements, particularly by not submitting threshold transaction reports and failing to respond to information requests. The agency said it continues to have concerns about Cryptolink's ability to manage high-risk transactions processed through cryptocurrency ATMs.
This measure comes after Cryptolink entered into an enforceable undertaking with AUSTRAC in October 2025. Previously, the Cryptocurrency Taskforce found suspected late transaction reporting and inadequate risk assessments, and AUSTRAC additionally issued a penalty notice of $56,300, which Cryptolink has paid. The company operates 96 ATMs across Australia, with the majority located in major cities such as Sydney, Melbourne, and Brisbane. (Cointelegraph)
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