No, it doesn't. I live in Germany since forever (born here), in many different regions. Never ever got a fine, never ever saw or heard people that got a fine. At most the police gives a warning, if they even notice.

For me a pedestrian traffic sign is a hint that I can now go. But it certainly isn't a requisite. If the street is empty of traffic AND if there are no little kids around, then I'll just go.

Why not little kids? We know from science that they can't judge the speed and distance of cars. When I can see "The car is far away and slow", they don't really know. So I don't want a bad example to them. And that makes you able to observe me at a red traffic light with a completely free street --- kids might be around!