Well I think there is nothing bad about it unless and until you don't want to show your identity or transactions to the government itself. Otherwise the identity is not shown to the peers that are surrounding to you or in the crypto space. I am sure that ico founders will be taking all the important steps to preserve your identity in that way. It's just being presented to the company so that they can know you are one real person and who is eligible for the tax stuff and nothing much.

I think KYC is really important stuff and beneficial thing for us as we see the crypto scams everwhere. So its betterment and not the negative thing.