Quote from: avikz on August 09, 2018, 10:13:45 PM

How come heading towards centralization will be good for crypto??

Centralization is good for those looking for the use of Bitcoin as an investment where the price will enable stability and low-risk speculation.
It contains most of the buying/selling "volumes" and therefore imposing restrictions on them will directly impact on prices.[1]

Quote from: avikz on August 09, 2018, 10:13:45 PM

When it comes to normal KYC and AML practices, I am still ok, but overdoing the regulations will kill the market. Don't you think so?

Does not necessarily "kill the market", as the large sales will be through platforms subject to tax laws and combating money laundering and thus give a kind of legitimacy and distance from the link between bitcoin and dark activities.
For investors with limited investment, they can experiment with decentralized platforms without the need to reveal their identity. "I do not think $ 2,000 will be used to finance terrorism or money laundering"

[1] https://coinmarketcap.com/rankings/exchanges/reported/