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Biosafety and bioethical regulations are of utmost importance in the field of modern biotechnology, especially when the laboratory and safety issues are concerned. With the advent of new biotechnological products, we can now produce wonders as all these products speak volumes for themselves. However, underneath all these novelties there lie the potential biohazards. Therefore, to have these prodigious tools of modern biotechnology in our repertoire we must strongly focus on a sound ambiance of biosafety, bioethical environment that might protrude us to have the optimal implications of biotechnology as a whole. Moreover, we would achieve proper commercialization of these modern products if we could be able to regulate their potential to harm the community and what we call the bioregulation.