Australia has suspended Cryptolink Pty Ltd's registration to provide virtual asset services for three months from Aug. 9, 2026, forcing 96 crypto ATMs offline after AUSTRAC said the operator failed to file required threshold transaction reports, did not respond to an information request and remained unable to manage transactions with elevated money-laundering or terrorism-financing risk. AUSTRAC CEO Brendan Thomas said the business had initially complied with an enforceable undertaking but later became "too high risk to continue operating at present." The suspension extends an October 2025 enforcement case in which Cryptolink paid an A$56,340 fine after AUSTRAC's Cryptocurrency Taskforce identified alleged late reporting and weak risk assessments. It lands amid a wider crackdown on cash-to-crypto kiosks after AUSTRAC rolled out nationwide operating rules in mid-2025, including an A$5,000 cap on cash transactions, stronger customer checks, scam warnings and tighter monitoring. Australia now has about 1,800 crypto ATMs, up from 23 in 2019, processing roughly 150,000 transactions a year with annual volumes approaching A$275 million. AUSTRAC data show users over 50 accounted for 72% of transaction value, with the 60-to-70 age group alone making up 29%, reinforcing the regulator's focus on whether operators can detect scams and other illicit activity rather than on which tokens customers buy.