Assuming you have a legal right to emulate a dongle you own, here is the standard workflow for v.18.2.3.
Emulates internal dongle clocks accurately to prevent time-bomb software expiration. Step-by-Step Installation and Setup multikey usb emulator v.18.2.3
Understanding MultiKey USB Emulator v.18.2.3: A Comprehensive Guide Assuming you have a legal right to emulate