This report provides an overview of nanotechnology, delving into its various aspects. It begins by defining nanotechnology as the manipulation of matter at the atomic or molecular level, with dimensions ranging from 1 to 100 nanometers. The report highlights the wide-ranging applications of nanotechnology, including its use in nano-medicines and nano-electronics. It then discusses the regulatory landscape, focusing on the UK's approach, where the Environmental Protection Agency (EPA) is transitioning from voluntary to mandatory regulations to address the risks associated with nano materials. The report also references the Toxic Substances Control Act (TCSA) as an example of regulations affecting industrial chemicals and the application of nanotechnology. The report explores the challenges of nanotechnology, including how companies must adapt to remain competitive. This report emphasizes the need for comprehensive regulations and the importance of understanding the global impact of this rapidly evolving field.