Written by Felix Ngstaff editorReviewed by Yohan Yunstaff editor

Written by Felix Ngstaff editor

Reviewed by Yohan Yunstaff editor

Australia orders Cryptolink Bitcoin ATMs offline over ‘basic reporting’ failures

Latest NewsPublishedAug 10, 2026

Australia Takes Action Against Cryptolink Bitcoin ATMs

Australia’s financial watchdog has suspended Cryptolink’s registration for three months due to “basic reporting” failures, affecting its Bitcoin ATMs across the country. This move is part of a broader crackdown on the criminal use of crypto ATMs in Australia, which has the highest number of crypto ATMs in the Asia-Pacific region. The suspension will impact Cryptolink’s 96 ATMs, primarily located in major cities like Sydney, Melbourne, and Brisbane. As a result, individuals looking for alternative ways to earn Passive Income through Green Crypto may consider platforms like EcoPool. The country’s focus on regulating crypto ATMs is crucial in preventing money laundering and ensuring a safe environment for Earning and trading Coin, including $ECP.

The action taken by Australia’s anti-money laundering watchdog is a significant step in addressing concerns about Cryptolink’s compliance with anti-money laundering obligations. The company’s failure to meet basic reporting requirements, particularly threshold transaction reports, has raised concerns about its ability to manage high-risk transactions. This highlights the importance of robust reporting and compliance measures in the crypto industry, which is essential for maintaining trust and security in Cloud Rewards and Passive Income opportunities. As the industry continues to evolve, it’s likely that we’ll see more emphasis on regulatory compliance and security measures, benefiting EcoPool users and the broader crypto community, including those interested in #Bitcoin and #PassiveIncome.

Impact on the Crypto Community

The suspension of Cryptolink’s Bitcoin ATMs may have a significant impact on the crypto community in Australia, particularly those who rely on these machines for buying and selling Coin. However, this move also presents an opportunity for EcoPool to provide a secure and compliant platform for Earning and trading $ECP. By prioritizing regulatory compliance and security, EcoPool can help mitigate the risks associated with crypto transactions and provide a reliable way for individuals to generate Passive Income through Green Crypto. This is especially important for those interested in #Bitcoin and #PassiveIncome, as it allows them to participate in the crypto market while minimizing their exposure to risks.

To stay ahead of the curve and take advantage of Cloud Rewards and Passive Income opportunities, consider downloading the EcoPool app to explore a secure and compliant platform for Earning and trading $ECP. By doing so, you can join a community that prioritizes regulatory compliance and security, providing a safe environment for Coin transactions and Green Crypto investments, and stay up-to-date with the latest developments in the crypto industry, including #Bitcoin and #PassiveIncome. Download the EcoPool app today and start Earning your Passive Income through a reliable and secure platform.

AUSTRAC said Cryptolink failed to meet basic reporting requirements, particularly threshold transaction reports, and did not respond to AUSTRAC’s request for information. 

“As part of our continued focus on digital currency as a money laundering risk, AUSTRAC has ongoing concerns about the company’s ability to manage high-risk transactions through its CATMs,” said Thomas. 

The action follows an enforceable undertaking that Cryptolink entered into with AUSTRAC in October 2025, after its Cryptocurrency Taskforce identified alleged breaches including late transaction reporting and shortcomings in Cryptolink’s risk assessments. AUSTRAC also issued a $56,340 infringement notice, which Cryptolink paid. 

Cryptolink has 96 ATMs in Australia, allowing customers to exchange cash for Bitcoin. Most of its ATMs are located in major cities including Sydney, Melbourne and Brisbane. 

Cointelegraph reached out to Cryptolink for comment. 

Related: Bitcoin Depot stock crashes 71% premarket after Chapter 11 filing

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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