It’s because Visual Studio seems to copy an x86 version of the VC++ runtime into system32 on ARM64 systems. That’ll make it crash with a bad image format error. If you copy the ARM64 version of vcruntime140.dll (for me, found in C:\Program Files (x86)\Microsoft Visual Studio\2019\Community\VC\Redist\MSVC\14.28.29325\arm64\Microsoft.VC142.CRT) into the build directory, binaries will work.