It's a cryptocurrency, just not decentralized.
> 1. The system does not require a central authority, its state is maintained through distributed consensus.
https://en.wikipedia.org/wiki/Cryptocurrency#Formal_definiti...
Code not deployed and probably never tested (perhaps never even worked) does not count.
Furthermore, you can run like a consortium style crypto currency, where its jointly controlled by multiple organisations.
Hell even bitcoin doesn't have a great notion of verifability (verify what? No double spending? Lets hope your opponent doesn't control 33% of the hash power.). Central-db systems can issue recipts (like humans have been doing for thousands of years). Centralized cyrptocurrencies basically offer the same protection at best and much less at worse.