Nope. It uses proper MCU (m68705) emulation.
But M68705 would be the wrong one, which was used by the wrong bootlegger code.
The proper MCU would be 6801U4.
According to the Mame blog:
"After some study of the program and of the game schematics, it became clear that the original MCU is not a 68705 at all (the pinout doesn't match) but looked more like a 68701. The 68705 program had been written from scratch by the bootleggers using black box(...)
(...) The photo shown in the previous post confirms that it's in the 6801 class, not a 68701 however as it was conjectured, but a 6801U4."