you misunderstood - it's not limited to cryptocurrency or even DLT - in making the whole scheme elaborate you bypass the traditional AML/KYC regulations - anyone can buy your 'token' without setting up a legal account or using a legal source of funding such as a credit card.
If you're buying and selling "tokens" that don't do anything other than provide proof that you've added or subtracted an appropriate amount of value into the system, you've just created a currency. That's basically the definition