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This is an oddball round in my opinion. When most people hear 7.62 they are thinking 7.62x39mm which is the AK rifle round. Maybe this is common in Russia or ex Wasaw Pact countries.Well, there's 7.62x25mm Tokarev...
...and handguns in .223.
I think they are by certain American laws that prohibit armour piercing ammunition for handguns. You can get long range single-shot pistols chambered in all sorts of weird and wonderful calibres.
I suspect those vary by state. I know I've seen AP rifle rounds. Not sure why AP rifle rounds would be peachy keen but lower powered handgun rounds would be objectionable.