Well, here the market can answer this question. Probably, ideally, there should be two types of projects that are regulated by the state or organization and other projects without regulation. So the investor will have a choice. It is always good when there is a choice.
very wise opinion, indeed there are currently many projects that are hindered by regulations because they really launch their products so they need permission from the government. sometimes new projects also build their buildings so they also need permission, so there are indeed some projects that require regulation and also some that don't.