Since it was all centrally controlled anyway does it even matter at this point.   They have the advantage of being able to do whatever the heck they want, there is no globally distributed ledger to carefully coordinate between remote partners in mixed time zones and multiple languages.
They can just scrap whatever went wrong and just pull another rabbit out the hat and tell people to just use that blockchain instead, same difference.  Cant be too surprised your average top down government setup is slightly mystified by any system which would have value determined in any other way.
BTC is a system of inventing work as a means of security distributed, the completely normal thing to do is take the short cut like ripple does or whoever else.   From a unilateral point of view it makes sense, I'm still thinking it could be more or develop but not if its not live as such