I have checked on multiple environments, and I have discovered the following:
1. That checkbox does not exist on the 2022 version
2. That checkbox does not exist on a freshly installed 2023 version
3. That checkbox only exists on an upgraded version from 2022 to 2023
Probably, that is the case with your environment, too.
I am not sure if that is on purpose or not. Someone from WEBCON might help us with that.