This has not been implemented yet.
Expecting it to be fully launched this week or by next week.
There's no exact details what they aim for this update except for the notable one; to stop/prevent p.server users / devs uses the client.
One thing is for sure, they are now eyeing on private servers.
Edit:
It is also unclear if VPN Users are safe since it changes your location and thus, changes the timezone.
Its also a clear threat to legit players that if the client finds you are not synced with the time, you can get banned.