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Why does Facebook want to create its own cryptocurrency?

Last week the founder of Facebook, Mark Zuckerberg, spoke to Congress about his company’s ambition to launch its own cryptocurrency called Libra. Dr Catherine Mulligan, from Imperial College London’s Centre for Cryptocurrency Research, explains the idea behind Libra.

(Image: Facebook CEO Zuckerberg in front of 'Zuck Buck' image. Credit: Reuters.)

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2 minutes