boolean shouldGenerateVersionTag(RegionEntry entry, EntryEventImpl event) {
    if (getDataPolicy().withPersistence()) {
      return true;
    }
    return getConcurrencyChecksEnabled()
        && (entry.getVersionStamp().hasValidVersion() || getDataPolicy().withReplication());
  }
local regions do not perform versioning
geode-core/src/main/java/org/apache/geode/internal/cache/LocalRegion.java