If we would have limitless energy, one decentralized currency would not be so bad in theory. But since our energy is limited, a centralized system makes much more sense. And yes the new creation of a new crypto by any organization, person or company is dodgy thing.
That stuff even happens with UK companies taking over German companies. They think they can just fire the members of the working council, very bad mistake! Remember, if you go to another country, you have to adjust to their law.