We are also experiencing record-levels of inflation due to Central Bank monetary policies, which have led to massive asset bubbles and wealth inequality due to

We are also experiencing record-levels of inflation due to Central Bank monetary policies, which have led to massive asset bubbles and wealth inequality due to Cantillon effect of said policies. So it's hard to think the status quo is working as intended. Cryptocurrencies are antithetical to centralized monetary policy not regulation. Regulation can exist and probably will exist, there are some proposals currently on the table. There is currently no regulation because regulators are laggards, not because it's contrary in spirit to cryptocurrencies. Fraud is not an intrinsic characteristic to cryptocurrencies, it's an intrinsic characteristic to human nature. Regulation simply provides tools to fight fraud, either by making it more difficult to execute or by establishing discouraging penalties. That the alternative monetary policy proposed by cryptocurrencies is better than the status-quo is still to be seen.