In theory, we have an amazing asset in our hands - decentralization, so any sort of local regulations or bans shouldn't affect Bitcoin at all.
But in practice decentralization is not important when people's opinion is biased. Imagine the following - if some major player like USA or EU would ban BTC completely,
what exactly would happen? Would the network be useless? No. But I am sure that price of bitcoin would crash ATL in 3 days.