# AUSTRAC cryptocurrency and remittance regulation > Live situation record from CLSTR: https://clstr.news/situations/austrac-cryptocurrency-and-remittance-regulation > Updated: 2026-09-08T02:46:12.000Z. Sources: 3. Developments: 2. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has intensified regulatory actions against virtual asset service providers and remittance firms due to money laundering and terrorism financing risks. In August 2026, AUSTRAC suspended the registration of Cryptolink Pty Ltd for three months, forcing its network of 96 cryptocurrency automatic teller machines (CATMs) offline. The regulator cited the company’s failure to meet basic reporting obligations, including submitting threshold transaction reports and responding to formal information requests, despite previous enforcement actions in 2025. By September 2026, AUSTRAC reported that it had cancelled, suspended, or refused to renew the registrations of 45 remittance and virtual asset service providers over the preceding year. These actions were driven by risks such as insolvency, dormancy, and exposure to financial crime. Notable among these was the cancellation of BA Digital Ventures Pty Ltd (GetCoins) following investigations into organized cryptocurrency investment scams. Additionally, AUSTRAC announced an investigation into Western Union. ## Timeline ### 2026-09-08: AUSTRAC removes 45 crypto and remittance firms from registers AUSTRAC has removed 45 crypto and remittance firms from its registers due to insolvency, dormancy, and money laundering risks, including the cancellation of GetCoins' registration. 2 sources. https://clstr.news/cluster/austrac-removes-45-crypto-and-remittance-firms-from-registers ### 2026-08-10: AUSTRAC suspends Cryptolink registration and halts 96 crypto ATMs Australia's AUSTRAC has suspended Cryptolink's registration for three months, forcing 96 crypto ATMs offline due to anti-money laundering reporting failures. 7 sources. https://clstr.news/cluster/austrac-suspends-cryptolink-australias-largest-crypto-atm-network --- Cite as: AUSTRAC cryptocurrency and remittance regulation. CLSTR, https://clstr.news/situations/austrac-cryptocurrency-and-remittance-regulation