I don't understand the confusion, practically everything we interact with in our daily lives is regulated and goes through certification processes, just look at how all that is done.
Food, drugs, healthcare, consumer products, chemicals, cars, planes, trains, buildings, utilities, energy, infrastructure, salaries, loans, investments, accounting... Even media requires some licenses, receives age ratings, and has restrictions on advertising.
It's not rocket science, this is normal for every single other industry.