If this can happen, is it possible that once mandatory developer verification comes into effect, all 3rd party apps will be uninstalled at first and require a re-install?

Concerning this specific case, NFCGate is a tool on which malware (family) titled NGate by ESET is based, thus likely causing a false positive.

Oh, and no bypass is available anymore (aside from disabling play protect):

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    3 days ago

    Some can be pretty limited in what they allow you.
    For example, I tried Moto G54 5G, and it kept giving me full-screen update notifications, which would immediately re-appear when I exit it and closed it from recent apps.
    Naturally, I tried to disable Moto updates, at least temporarily.
    Hmm, shouldn’t that be me?
    I returned the phone for a refund.