But the bitcoin isn't leaving the cloud; The bitcoin is being transferred between bitcoin addresses like any other bitcoin transaction, recorded in the same global ledger. Even if the token gets sent to someone other than the owner of the original bitcoin address, effectively 'transmitting' money, this is no different than every other bitcoin transaction.
So perhaps every bitcoin transaction needs to be regulated. Perhaps the software should be illegal and using bitcoin should require a State granted license. After all, bitcoin was originally designed and implemented by anarchists for the express purpose of undermining the State.