No such homomorphism can exist, so long as ring homomorphisms are assumed to preserve unity.
Main Result. There is no ring homomorphism $\mathbb{C} \rightarrow \mathbb{R} \times \mathbb{R}$.
Proof. Suppose toward a contradiction that $\varphi : \mathbb{C} \rightarrow \mathbb{R} \times \mathbb{R}$ is a ring homomorphism. Then by Lemma 0 below, it follows that $-1$ has a square root in $\mathbb{R} \times \mathbb{R}$. Thus by Lemma 1 below, it follows that $-1$ has a square root in $\mathbb{R}$. But this contradicts Lemma 2 below.
Lemma 0. If a ring homomorphism $\mathbb{C} \rightarrow R$ exists, then $-1$ must have a square root in $R$.
Proof. I claim that $\varphi(i)^2$ is always a square root of $-1$ in $R$. To see this, compute:
$$\varphi(i)^2 = \varphi(i^2) = \varphi(-1) = -\varphi(1) = -1.$$
Lemma 1. For all rings $R$ and $S$, if $-1$ has a square root in $R \times S$, then it must have a square root in both $R$ and $S$.
Proof. Suppose $-1$ has a square root in $R \times S$, call it $(r,s)$. Then $(r,s)^2 = -1$. Thus $(r^2,s^2) = (-1,-1)$. Thus $r^2 = -1$. Thus $-1$ has a square root in $R$. A similar argument shows that it must have a square root in $S$.
Lemma 2. The element $-1 \in \mathbb{R}$ does not have a square root in $\mathbb{R}$.
Suppose toward a contradiction that it did, call this value $i_\mathbb{R}.$ Then $(i_\mathbb{R})^2 = -1$. Thus $(i_\mathbb{R})^2 + 1 = 0$. Now we know that $\forall x \in \mathbb{R} : x^2 \geq 0$. Thus $\forall x \in \mathbb{R} : x^2 + 1 > 0.$ Thus $(i_\mathbb{R})^2 + 1 > 0$. Ergo $0 > 0$, a contradiction.