Yes, this. Payment apps, government apps, IM communications.
The other day I almost rooted my phone in anger trying to get around this, before pausing and realizing that this would only cause even more problems with those apps, thanks to remote attestation "features".
My favorite recent case, I almost locked myself out of mobile government services when changing phones recently[0], and it would've made for a stellar bug report showing when "fail safe" design can easily become "fail deadly"[1], with UI view of access and invalidation history clearly showing the timeline of a problem... if only I could take a screenshot of it. But I can't, because "much sekhurity".
--
[0] - Well, it's not really that big of a deal. With government services, there's always a way back. Might involve walking to a local civil affairs office or, worst case, a police station or a notary, but there is a way back. Big cloud services, on the other hand...
[1] - Invalidating a certificate prior to issuing a new one sounds like a good security idea, but in the real world fails critically if the two operations aren't an atomic group. In my case, issuing a new certificate failed, and I ended up walking around for half a day with old one invalidated and not even knowing it.