Australian Regulator Shuts Down 96 Cryptolink ATMs

The Australian Transaction Reports and Analysis Centre has suspended the registration of Cryptolink. This action forces the immediate shutdown of 96 crypto ATMs across the country. The regulator took this step after the company failed to submit mandatory transaction reports.

Officials also stated that the firm did not respond to formal requests for information. Maintaining accurate records is a legal requirement for financial service providers to help prevent money laundering and other illegal activities. Without these reports, the operator cannot legally continue its services.

This move serves as a reminder that regulators are tightening their grip on crypto infrastructure. Traders should expect more scrutiny on physical crypto kiosks moving forward. Watch for updates on whether the company can resolve these issues or if the machines will remain offline permanently.