A reform to Venezuela’s hate speech law has replaced potential jail time with fines and sanctions. The changes, detailed in a report by EL NACIONAL, tie penalties to the exchange rate of Venezuela’s highest-valued currency, as determined by the Banco Central de Venezuela (BCV). Specifically, sanctions will range from 500 to 10,000 times the value of this established exchange rate. This shift represents a significant alteration in how offenses related to hate speech are addressed within the Venezuelan legal system. The move aims to address concerns surrounding imprisonment for such offences. Details of the reform were initially published on EL NACIONAL’s website. The changes reflect a move toward financial penalties rather than custodial sentences for violations of the law.