The rapid expansion of the global cryptocurrency market has created deep inconsistencies in national regulatory responses of sovereign countries and has raised questions regarding policies, innovation, and state motives. This paper conducts a comparative analysis of global cryptocurrency regulation using India as a benchmark to explore how economies of the world create a balance between decentralization and regulation. Drawing from the economic contexts, regulatory frameworks, judicial interventions, and policies of nations across Asia, the Americas, Europe, Asia, the Middle East, and Oceania; the study inspects and identifies a variety of regulatory models, ranging from prohibitionist and control-centric regimes to liberal regimes that embrace innovation.