Australia Suspends Cryptolink’s 96 Bitcoin ATMs for Three Months

Wild reason ATMs shut down across Aus

Australia’s largest crypto ATM network, which has become a familiar sight around shopping centres, has been ordered offline for a wild reason.

Australia suspends Cryptolink’s 96 Bitcoin ATMs for three months

Australia’s financial intelligence agency has suspended Cryptolink’s crypto ATM operations for three months after finding failures in transaction reporting and raising ongoing concerns over the company’s handling of high-risk activity. According to the Australian Transaction Reports and Analysis Centre, Cryptolink’s…

Australia Suspends Cryptolink Bitcoin ATMs

AUSTRAC suspended Cryptolink’s registration for three months, forcing its 96 Australian Bitcoin ATMs offline over anti-money laundering concerns.

Cryptocurrency ATM suspended after ‘basic reporting’ failure

Australia’s financial crimes watchdog has suspended a cryptocurrency ATM network from trading amid concerns about its compliance with anti-money laundering and counter-terrorism financing laws.

Australia Suspends Cryptolink Bitcoin ATMs Over Reporting Failures

Australia suspends Cryptolink’s crypto ATM registration for three months over anti-money laundering compliance failures.

Australia Suspends Cryptolink Bitcoin ATMs Over Ongoing Compliance Concerns

AUSTRAC said August 10 that it suspended Cryptolink Pty Ltd’s Virtual Asset Service Provider registration for three months starting August 9, forcing the company to shut down 96 cryptocurrency ATMs across Australia. The regulator said ongoing compliance concerns made Cryptolink too high risk to continue operating, putting basic AML/CTF reporting failures at the center of the suspension. AUSTRAC said Cryptolink had previously satisfied conditions…