Australia Shuts Down 96 Crypto ATMs After Cryptolink Faces AML Reporting Crackdown

1 month ago 26

Rommie Analytics

Key Takeaways:

AUSTRAC has imposed a three-month ban on Cryptolink’s VASP registration.
All of the company’s 96 crypto ATMs have to be removed from service in Australia.
A lack of reports on transactions along with concerns of high-risk use of cryptocurrencies were cited as regulatory reasons.

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