That's the reason Google is quite strict about cryptocurrency-related apps.
It's quite the opposite; Google is not strict at all regarding apps they allow on Play Store.All you have to do is pay ~100 bucks and a little but of luck (since majority of apps are not tested by real people) and your scammy app will show up there.
Took me approximately 5 minutes to find 3 fake Jaxx wallets:
https://play.google.com/store/apps/details?id=com.sdjaxx.wallet2sx
https://play.google.com/store/apps/details?id=com.jaxx.crypto.wallet
https://play.google.com/store/apps/details?id=ja.xx.exch.ange
I know there are a lot of scam sites on the internet but I never thought there is such a scam site on the google play store. It is unbelievable that anyone can run a scam site which is listed on google play store. It is very much pathetic.
Oh yeah, its pretty much common knowledge that Google doesn't pay much attention to that. Apple is way more vigilant when it comes to screening process so scammers are mostly avoiding iOS.
For some time I was regularly checking (and few other members) Play Store, looking for fake wallets and reporting them. This is the result after only couple of months doing that
List of fake wallets on Google Play. Might as well update it with new findings.