Australia orders Cryptolink Bitcoin ATMs offline over ‘basic reporting’ failures
60-second summary
Australia's financial watchdog has suspended Cryptolink's registration for three months due to 'basic reporting' failures, a move that escalates a crackdown on the Bitcoin ATM operator. Cryptolink was previously fined $56,340, and this suspension will likely impact its operations, as the company must address compliance issues to regain registration and continue offering services.
Australia’s financial watchdog has suspended Cryptolink’s registration for three months, adding to a crackdown that previously saw the Bitcoin ATM operator fined $56,340.