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Limit application instances to 1 (concurrency) with hardware key

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Hi, I'm new to HASP and in the middle of evaluating some samples. I've run into some documentation about how concurrency can be limited with EMS or Cloud services. I wanted to ask if it's possible to do the same (limit concurrent applications to 1) with the HASP hardware key? Using the Envelope, I couldn't find a relevant parameter. If it's possible, any idea how I can go about testing it?

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