According to ChainCatcher news and reported by Cointelegraph, the UK Business Appointments Advisory Committee (ACOBA) has approved former Northern Ireland Affairs Minister John Baker to serve as an advisor for Bitcoin investment company Axiom. Baker will join the company's second venture capital fund, Axiom Venture Fund II, as a part-time advisor.
Axiom announced plans to raise $75 million for its second venture capital fund in August of this year. To mitigate potential risks, the committee set multiple restrictions on Baker's appointment, including a ban on using government confidential information for Axiom's benefit for the next two years, prohibiting lobbying the UK government, and preventing him from providing advice to Axiom in areas related to his previous ministerial roles.