A brainwave regulation device adapted to transmit signals to or receive signals from a control device. The brainwave regulation device includes a head-wearable element, a control module, at least one brainwave sensor and at least one ear bone oscillator. The control module is disposed on the head-wearable element and adapted to transmits signals to or receive signals from the control device. The at least one brainwave sensor is connected to the head-wearable element and adapted to transmit signals to or receive signals from the control module and transmit the sensed brainwave signal to the control device through the control module. The at least one ear bone oscillator is connected to the head-wearable element, and adapted to transmit signals to or receive signals from the control module and receive control signals from the control device through the control module to generate oscillation. The present invention also provides a brainwave regulation method adapted for use with a brainwave regulation device and for brainwave regulation.