South Korean Crypto Bill Faces Delay Amid Stablecoin Issuer Concerns; DeepSnitch AI Presale Nears $1M

South Korean lawmakers have postponed the submission of a pivotal cryptocurrency bill addressing domestic stablecoin issuance, pushing the expected timeline to 2026. Disagreements with stablecoin issuers over reserve custody requirements have stalled progress. The bill, initially proposed in June, aims to authorize won-pegged stablecoins backed by regulated custodians.

Meanwhile, the broader crypto market shows tentative bullish signals. Altcoins are edging upward, while DeepSnitch AI's presale surges toward $1 million, fueled by expiring bonus incentives. The project's AI-driven prediction platform has attracted retail investors anticipating a January rally.

President Lee Jae-myung's proposal to include crypto in South Korea's national pension fund investments signals growing institutional acceptance. This delay represents a temporary setback rather than a policy reversal, with the country maintaining its trajectory toward comprehensive crypto regulation.