I am not sure this will be governed by government because there is no tax here, maybe kyc here only aims to find out who is joining ico, name, gender and citizenship that will be viewed
it's hard to predict, too, whether the government will manage everything, so we have to see what's going on next, so we have to wait for everything
Precaution, if government decide to regulate crypto they will ask from all companies to have registered customers. There are so many bounty hunters, most of them have double triple accounts, kyc can slow down farming.
I done so many kyc forms until now, nothing strange this days. If something smells fishy I don't leave any info about myself, its better to skip it then to risk with this things.
Collecting users info and selling it is profitable business, even facebook is doing that, so don't be surprised. Will you fill kyc form or not should depends from service you use or ICO you plan to invest, if you believe they are OK do it without fear.