How to load Kontakt Player 6.7.1 in Cubase 10 on Apple M1

When opening a cubase project containing Kontakt Player, it gets added to the plugins blacklist and a message shows that “32-bit plugins is not supported.”

However, NI system requirements for Kontakt Player state “Apple Silicon Macs (via Rosetta 2 & natively on ARM in Standalone or in hosts that support it): macOS 11 or 12 (latest update)”

Is there any way to get it working, what am I missing?