Starting from February 25, 2025, new measures will be introduced in Turkey to combat the financing of terrorism. They will require cryptocurrency exchanges to collect user data and track transactions exceeding 15,000 Turkish liras. At first glance, this seems like a logical step, but upon deeper examination, it becomes clear: this is not so much about fighting terrorism as it is about restricting human rights to manage one’s property.
Why is the fight against terrorism just a pretext?
Financing terrorism is a complex and large-scale issue. But why do authorities, instead of addressing the root causes of the problem, direct their efforts towards total control over citizens?
1. Infringement of rights:
Money is not just numbers in an account. It is the equivalent of your labor, property, and your right to dispose of your earnings. New measures do not solve the problem of terrorism but limit human freedom.
2. System incapacity:
Terrorism is a phenomenon that begins not with money, but with ideology, resources, and a systematic approach. If money is spent on purchasing weapons, substances, or services, it means such goods are already on the market. So why is the state not engaged in destroying these illegal chains?
3. All under one comb:
Instead of targeted action against threats, authorities introduce measures that affect all cryptocurrency users. Every person making a large transaction automatically finds themselves under suspicion.
Example: How does this work in practice?
Financing terrorism implies the concentration of resources for committing negative actions. However, the state’s fight against this boils down to total control over citizens' money. This resembles trying to extinguish a fire by flooding the entire city.
What do terrorists need?
Weapons: Is it easy to acquire this in a regular crypto system? No.
Resources: They require the existence of black markets rather than transparent platforms.
Payment for services: Such transactions are always accompanied by physical actions that are difficult to disguise.
If authorities want real results, they should work on addressing the root causes of the problem rather than imposing meaningless bans.
TCP-MARKET: An alternative to the fiat system
Unlike traditional systems such as fiat money or even centralized crypto exchanges, TCP-MARKET offers a model where such risks are minimized:
1. Transparency:
All transactions in the TCP-MARKET ecosystem are visible on the blockchain. However, the system excludes the use of fiat money as a means of payment, which makes it insensitive to traditional regulatory problems.
2. Lack of commodity-money relations:
In TCP-MARKET, it is impossible to pay for goods and services that fall outside legal trade. For example, goods such as weapons or illegal substances simply have no place in the system.
3. Solving the problem at its root:
In TCP-MARKET, any assets are tied to transparent tokens such as TCPcredit (TCPcr) or TCPcent (TCPct). This excludes the possibility of illegal operations, as the system is configured for the real economy, not speculation.
Output: European standards no longer work
Modern measures of cryptocurrency control, such as in Turkey, do not address real problems. They restrict the rights of people, substituting the freedom to manage their funds with total surveillance.
TCP-MARKET shows that it is possible to create a system where money works for people rather than controlling them. This is a path worth exploring if we want to preserve freedom and justice in the financial world.
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