IMF Says Brazil’s System Is Working—So Why Is Crypto Booming Without a Crisis?

Brazil is testing one of crypto’s oldest assumptions: that digital assets only thrive when traditional financial systems fail. With its benchmark Selic rate sitting at 15%, one of the highest among major economies, Brazil’s central bank has maintained an aggressively tight monetary stance. Yet according to new IMF research, the country’s financial system is not cracking under pressure. Instead, credit markets remain resilient, and crypto adoption is accelerating anyway source: https://beincrypto.com/brazil-crypto-growth-imf-policy/