Yes, the proposed standard would only suit in USA and related countries which has a different bandplan. Europe has a small SRD band at 864MHz approx. USA has a large general band in what is 900MHz GSM. in Europe.
USA also SRD at about 385 MHz but Europe is 433 MHz (middle of USA & Europe 70cm Amateur band).
DECT Phones in Europe are 1900MHz. USA is a different band.
USA FRS and Europe UHF Licence free walkie talkies are also different bands.
You see illegal stuff all the time. FCC and European regulators are only interested in mobile revenue.