Australia has suspended Cryptolink’s Bitcoin ATM operations for three months, targeting an operator for serious failures in anti-money laundering compliance. The regulator AUSTRAC found that the company did not meet basic reporting requirements, particularly threshold transaction reports, and failed to respond to information requests. Australia has the highest number of crypto ATMs in the Asia-Pacific region, making this suspension potentially significant for Bitcoin accessibility in the country. This action fits into a broader global trend of tightening regulation on the crypto ATM sector, with U.S. authorities reporting over 388 million dollars in losses from crypto ATM scams in 2025, and Bitcoin Depot, one of the largest U.S. operators, filing for bankruptcy in May 2026.
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