According to Deep Tide TechFlow, on November 28, Cointelegraph reported that the UK Business Appointments Advisory Committee (ACOBA) approved former Northern Ireland Secretary John Baker to serve as an advisor to the 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 in August this year plans to raise $75 million for its second venture capital fund. To mitigate potential risks, the committee has set multiple restrictions on Baker's appointment, including a two-year ban on using government confidential information for Axiom's benefit, no lobbying the UK government, and no advising Axiom in areas related to his former ministerial role.