This chapter investigates and explains the online legislative framework and policing practices developed to manage virtual spaces. The global internet infrastructure is complex: no single actor can manage it on its own. Cyberspace requires a pluralistic approach to monitoring, detecting, and investigating online crime in virtual spaces. The challenges for policing derive from the extra-territorial character of the virtual world without the fixed jurisdictional boundaries that normally apply to legal or illegal online activities, similar to the rules and regulations to control real-time crimes. The author argues that there is a pressing need for developing a universal treaty - a new global cybercrime Convention - to update and harmonize the criminalization of online offences. As the role of private investigators in cyberspace is becoming more prominent, public and private police need to improve their mutual communication, and pool their resources in joint operations to manage the misuse of cyberspace. Hence, private actors need to be involved in creating a new Convention as they play a significant role in policing crimes on the Internet.