Australian regulator suspends Cryptolink's registration for three months, taking 96 cryptocurrency ATMs offline

Odaily News: The Australian Transaction Reports and Analysis Centre (AUSTRAC) has suspended the registration of cryptocurrency ATM operator Cryptolink for a three-month period, resulting in the shutdown of 96 cryptocurrency ATMs it operates across Australia.

AUSTRAC stated that Cryptolink failed to submit transaction reports and did not respond to the regulator's requests for information. The agency noted that cash-to-cryptocurrency conversion services may pose money laundering risks and has intensified its scrutiny of cryptocurrency ATMs. (CoinDesk)