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The FCC (i.e. US) has enshrined such baud rate limits into law, regardless of technical capabilities within the bandwidth used. I don't believe such a limit exists in Europe. It's pretty ridiculous and needs to get tossed out. Most hams only care about analog voice or Morse though so there isn't much pressure to make it happen.

https://www.law.cornell.edu/cfr/text/47/97.307




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