The Australian Securities and Investments Commission (ASIC) has taken action against Cryptolink, a company that operates an ATM network in the country. The regulator cited two key reasons for its decision: the company's failure to submit required transaction reports and its refusal to provide information when requested.
Source
"Australian Watchdog Shuts Down Cryptolink ATM Network" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The suspension of Cryptolink's operations will impact 96 ATMs across Australia, leaving users without access to their funds until further notice.