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While none of these organizations “possesses” the Internet together these companies determine how it functions, and recognized rules and standards that everyone remains. Contracts and legal framework that underlies all that is occurring to determine how things work and what happens if something bad happens. To get a domain name, for instance, one needs permission from a Registrar, which includes a contract with ICANN. To connect to the Internet, your ISP must be physical contracts with providers of Internet backbone services, and suppliers have contracts with IXPs from the Internet backbone to connect to and with her. Concern over security issues? A working group is formed to focus on the issue and the alternative developed and deployed is in the interest of all parties. If the Internet is down, you have someone to call to get it fixed. If the difficulty is from your ISP, they in turn have contracts in place and service level agreements, which govern the manner in which these issues are worked out.
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The fact that there is little evidence of any growth in the use of virtual money as a currency may be the reason why there are minimal attempts to control it. The reason behind this could be just that the marketplace is too little for cryptocurrencies to justify any regulatory effort. It truly is also possible that the regulators just don’t comprehend the technology and its implications, anticipating any developments to act.