Thispaper attempts to connect two rather different fields of study by applying concepts from regulating technological risks to the field of cyberspace regulation. The concept of framing assumption is used in order to show the cyberspace regulation differences in countries particularly between the U.S. and the Euopean system. It shows how the U.S. and Europe have adopted different assumptions regarding the policy problem, the system within which the problem arises and the policy solutions. While the problem for the U.S. regulatory system is technological advancement, the European countries perceived the problem as mitigating hazards. The system for the U.S. is conceived as the competition among profit-seeking companies,whereasEuropean countries are suspicious about those profit-seeking activities. Finally, the solution is lower government intervention for the former, and the latter found the direct involvement of the government as the main solution. An important implication is that there is no unified form of regulation and countries like Iran need to consider their local factors in order to establish their own regulatory systems.