You're really twisting what happened here. It wasn't so much "yanked" as it was "replaced". I was initially against the idea, but soon got around to it. It was a very risky and daring move by the government, but it was a good one.
Contrary to the popular belief that BTC purports money laundering, it can actually mitigate the problem of black money and money laundering. The governments all around the world should try to keep up and they should themselves establish a separate think tank/research arm/department for blockchain and cryptocurrency space.