It's illegal to use the emulator in terms of the Eula. Breaking the eula they are allowed to use punishment on you to a certain extent.
Such as the worst they can do is ban your account and track your IP so they'll know what accounts you have, go through what other accounts are using your credit card.
This usually works well for them too, cause they'll catch others. If you're using a friends account when you're talking about the emulator online and how you played it, then you just got all your friends accounts banned. (possibly, they are allowed to, but I really doubt they'll go through them all).
They have no way of finding out you've been on the emulator through online unless they start to use illegal things, which in that case, you can sue them.
To the bottom line, don't mention anything about it online, and don't worry about any legal issues.
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