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In addition to producing one - time unlinkable credentials, blind signatures can also produce anonymous electronic cash. In this case, the issuer I is a

In addition to producing one-time unlinkable credentials, blind signatures can also produce anonymous electronic cash. In this case, the issuer I is a bank and the prover P is a customer that wants to get a banknote m stamped by the bank. The bank signs the blinded banknote m without seeing the original banknote m. Then P can recover the signed banknote (m, s) from (m, s), and after that spend (m, s) in a shop, in such a way that the bank and the shop cannot relate the withdrawn (m, s) with the spent (m, s). Does the bank become vulnerable to customer cheating due to signing banknotes without seeing them? What kind of cheating? How could the bank defend against such cheating?

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