Ride hailing is regulated, in part, to ensure that people aren't being taken advantage of. It's also regulated to make sure that taxes and fees are being properly collected.
Taxis and private bus services weren't always regulated, but they became regulated because they took advantage of their customers. Similarly, regulations are placed on ride hailing to that passengers get what they paid for and there is at least some accountability.
Ride hailing is regulated, in part, to ensure that people aren't being taken advantage of. It's also regulated to make sure that taxes and fees are being properly collected.
Taxis and private bus services weren't always regulated, but they became regulated because they took advantage of their customers. Similarly, regulations are placed on ride hailing to that passengers get what they paid for and there is at least some accountability.