I don't think global regulation of bitcoin will kill the bitcoin, it will rather strengthen and more reliable, global regulation of bitcoin, is what the world is waiting for, to make the bitcoin a hot currency, and universal acceptable.
I agree, cryptocurrency is not affected on the global restrictions.Because crypto will continue to exist in the world wide web. Even though the market is in the real world the transactions was in the web and centralized. Maybe it will be just difficult in terms of converting it as fiat and also implementing cryptocurrency in the rel world.