Now a day most of the countries going be regulate the cryptocurrency ICO. I think regulation is good thing several ways and some bads.
Regulation can protect all the investors from the scam people because of anyone can make ICO. A bad thing is also some anonymous investors don't really like to invest regulated ICO.
The market will devide into two parts in any case. Governments will try to regulate the industry but each project makes the choice to do KYC and follow regulations or not. I think that community right now has more control over what is going in the industry and having a solid position will allow to protect non-KYC ICO by contributing.
However we need to understand that anonymity is not as anonymous as most think it is. Your IP+blockchain address not hard to record and then identify you.
We also need to understand that some projects need regulation to increase liquidity of their tokens because their target audience is more institutional investors rather than community. Filtering scam is another important thing of course.
Both ways of doing ICOs will stay.