CoinDesk·3 min read·medium
Australian watchdog suspends Cryptolink, forcing 96 ATMs offline
F
Francisco Rodrigues
✦AI Summary
Australian regulator AUSTRAC has suspended the operations of Cryptolink, forcing 96 crypto ATMs offline due to failures in anti-money laundering and counter-terrorism financing compliance. The company failed to submit required transaction reports and ignored information requests from the watchdog.
The Australian Transaction Reports and Analysis Centre, known as AUSTRAC, said the suspension took effect Aug. 9. Cryptolink cannot provide virtual asset services while the order remains in place.
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