Kodak has delayed the launch of its new cryptocurrency. The KodakCoin venture was announced three weeks ago, with the company saying investors could start buying in on Wednesday.

Kodak has delayed the launch of its new cryptocurrency.

The KodakCoin venture was announced three weeks ago, with the company saying investors could start buying in on Wednesday.

More than 40,000 investors had signed up to participate in the initial coin offering (ICO), according to a statement posted on the KodakCoin website.

"Given the large interest in the KodakCoin ICO and the steps we need to take to verify the 'accredited investor' status of each interested investor, we expect this process to take several weeks," the statement said.

The announcement comes a day after a New York Times report "raised questions about how closely Kodak vetted its cryptocurrency business partners."

To take part in the ICO, Kodak is requiring buyers to have a net worth of $1 million and a salary of at least $200,000.