defined as a bank-free method used to transfer wealth or ownership of any other commodity without the need of a third party. Most of these currencies are not regulated by the governments and this has led to scamming and some sorts of conman-ship. However, the same currencies has really created a lot of Jobs for many and supported so many families on genuine platforms of trading .When Bitcoin which is the most common form of decentralized currency came into the market , the first traders made a lot of money and hence making it even more popular. Hoe can the currencies be regulated?