Australian watchdog suspends Cryptolink, forcing 96 ATMs offline

The regulator cited missing transaction reports and the company’s failure to respond to an information request.

AUSTRAC suspended Cryptolink’s registration for three months, taking 96 crypto ATMs out of service across Australia.
The regulator cited missing transaction reports and the company’s failure to respond to an information request.
The move shows AUSTRAC is stepping up scrutiny of crypto ATMs because cash-to-crypto services can carry money-laundering risks.

1 Cathie Wood says smart investors need to start watching where AI agents spend money 1 hour ago
2 Crypto's Sisyphean struggle 3 hours ago
3 BlackRock offers a glimpse of how tokenization may change your investment portfolio 3 hours ago
4 Bank group sues U.S. regulator over granting crypto trust charters 18 hours ago
5 BNY in talks with Kraken parent Payward over infrastructure partnership 22 hours ago
6 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 22 hours ago
7 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 22 hours ago
8 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago
9 U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2% 1 day ago
10 Cboe wants to turn VIX into a never-ending trade 1 day ago

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

The original source remains the canonical version for attribution, rights, and later updates.

Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.