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 think the government are regulating the transactions but they can't regulate the users. Bitcoin won't die just because of the regulations it will just make people more interested on cryption. This is just my opinion, just share yours. And I hope they will allow crypto to exist.