you can not say that as long as the thing you are comparing bitcoin with is a flawed and full of fraud system.
you are saying bitcoin should be like fiat that is regulated and controlled because bitcoin may have been used for fraudulent activities such as money laundering but fiat that you think is good, is being used in fraudulent activities now!
Is being regulated means controlled? No. I don not mean that. Regulation I mean that such creating a wall to protect all investor assets safe. I know that even real fiat is actually used for fraudulent activities as you said. What I ask is that is it quit complicated protecting Bitcoin and Cryptocurrency from such criminal activities.
It will look exciting if Crypto is stay away from any fraudulent activities because the trust will be well developed in the community of people.