This morning, Facebook have launched their websites for their new cryptocurrency and wallet app.
Anyone who wants to use the new crypto currency will need to go through an ID process where they provide government issued ID.
Facebook say that they will keep your information private, however many people around the world don't believe Facebook when they talk about privacy.
The cryptocurrency is being backed by big companies like MasterCard, PayPal and Stripe.
You can read the white paper from Libra on its website.