Not at all, but I do think it peculiar to be subject to what from my perspective is a random set of jurisdictions. Of course I understand why this is the case, but out of a handful of servers I looked at, only two specified where their data is hosted - for the rest, the same legal provisions obviously apply, but I have no way of knowing what they are.

I also don't know the specifics of German law, so the fact that my account could get suspended for violating something I am not aware of is peculiar in itself. The point is that there is no single privacy policy and single jurisdiction to worry about - it is a guess, depending on where the instance is hosted, and may even move under you without notice.

[edit: I am in the process of selecting an instance personally - I have not decided yet, and the process of picking one seems somewhat fraught.]