Regulation is the way the authorities control events in an industry of the economy. The introduction of cryptocurrency took very many nations by surprise especially those who never developed a general Finance Technology regulation framework to guide the technological developments in the finance industry. In many countries around the world one cannot establish a venture before getting approval of the regulatory authority. Cryptocurrency and Blockchain technologies are virgin innovations in the financial industry whose regulation do not exists in most countries. Countries around the world responded differently to cryptocurrency with others completely banning it while others allowed it as their finance ministries work on comprehensive regulatory frameworks to govern the emerging cryptocurrency industry.