The European Commission has fined Google €890 million for violating the Digital Markets Act, marking the first time the company has been penalized under this landmark legislation. The fine breaks down into €460 million for self-preferencing its own services in Google Search and €430 million for restrictions preventing app developers from steering users toward cheaper payment options outside the Google Play ecosystem. Google has 60 days to comply with the ruling, facing additional penalties of up to 5% of its average daily worldwide turnover for non-compliance, bringing the cumulative total of EU competition fines against Google above €10.38 billion. For the crypto and fintech sector, this decision now allows app developers to direct users toward external payment flows, potentially translating into margin improvements for cryptocurrency exchange platforms.
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